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18 July 2018 - Customers not focus of replacement business at insurers
Press Release – Financial Markets Authority The Financial Markets Authority (FMA) is considering regulatory action against three large...
– 30 18 July 2018 Customers not the focus of replacement business at large insurers The Financial Markets Authority (FMA) is considering
18 July 2018 - FMA may act against financial services firms after review finds poor practices
The Financial Markets Authority may take regulatory action against three financial services firms after its latest probe into replacement...
to ensure adequate consumer protections. It recommended QFE insurers reassess whether their internal definitions and sales processes provide
18 July 2018 - Councils get help to prepare for sea-level rise
Press Release – NIWA A senior NIWA scientist is concerned many councils are having difficulty getting off the starting blocks when it...
coincides with the results of a survey commissioned by insurance company IAG about New Zealanders’ knowledge of and attitude towards climate
18 July 2018 - Extreme phishing: The rise of SMS scams & SMiShing around the globe
We live in a world where everything from staying connected to people, through to banking and accessing emails happens on our smartphones....
declined. Other organisations that still use message IDs, for example insurers and the ATO are also regularly targeted by scammers using
18 July 2018 - FMA ponders action after insurance replacement practice review
The Financial Markets Authority (FMA) says it is considering regulatory action against three large financial institutions or qualifying...
could lead to worse cover or the potential loss of benefits. Insurers need to acknowledge that replacing insurance policies is a high-risk
18 July 2018 - Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
The Financial Markets Authority (FMA) is concerned three big financial institutions in New Zealand are potentially breaching their licence...
the review it and the Reserve Bank are doing on life insurers and banks, further to Australia’s financial services royal commission, is
18 July 2018 - QFEs fail on replacement business practices: FMA
The FMA is considering regulatory action against three QFEs because of failures in the way they deal with insurance replacement business.
internal replacement business. Therefore, replacement business between other insurers is neither captured nor identified. Without even a
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