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In Cover Notes news this week we talk to the Securities Commission which says it is working on giving the Financial Advisers Act definition of a "financial planning service" more clarity since recognising confusion in the industry.

Code Committee chairman Ross Butler also looks to ensure the integrity of the regulation process is protected by resigning as director of insurance advice group Triple Jump and as director of Mortgage Link.

David Chaplin reports on how KiwiBank is advertising for a head of bancassurance as it looks to determine the "best and most economic route" to provide a full suite of insurance products and Russell Hutchinson talks about prejudices against insurance and how real-life stories can help to illustrate its purpose.

In people appointments SHARE NZ has secured branding and advertising guru Mike Hutcheson, previous managing director of Saatchi & Saatchi, as an independent director.

Insurance News

Commission to clarify definition of financial planning service
The Securities Commission says it recognises that financial advisers are confused about the Financial Advisers Act definition of a "financial planning service" and it is working on giving the definition more clarity. More

Ross Butler resigns from Mortgage Link to protect integrity
Ross Butler has resigned as chairman and director of Mortgage Link and as director of insurance advice group Triple Jump to ensure he protects the integrity of the regulation process he is leading as the chairman of the Code Committee. More

KiwiBank to fill out insurance offering
KiwiBank is set to broaden its insurance product suite as part of the strategy to become a "full financial services provider", according to the bank's head of Wealth, Tracey Berry. More

New independent director for SHARE
SHARE NZ has secured branding and advertising guru Mike Hutcheson as an independent director. More

Russell Hutchinson

Opinion: Have you ever wondered?
I remember the first time I heard a real, true to life claims story... there I was, dreading one of those awful staff meetings at one of my early jobs and we were asked for examples of how life insurance worked. More