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Insurance

Nothing to worry about AMP Life says

Monday 24th of February 2020

Good Returns and Newsroom have both carried pieces raising questions about the deal, which impacts 200,000 policyholders directly.

Good Returns Opinion piece can be found here.

Newsroom's feature is here.

Also policyholder Andrew Body has petitioned Parliament raising concerns around the issue. The petition asks that Parliament "urgently review the Insurance (Prudential Supervision) Act 2010 to ensure New Zealand life insurance policyholders (including AMP Life policyholders) are treated fairly and transparently in the sale and operation of life insurance businesses, through seamless supervision by the FMA and RBNZ."

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