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This week's Cover Notes has an update on Money Managers attempts to sell life insurance, Russell Hutchinson's latest thoughts on insurance and also updates on what is happening in the home loan market and with new appointments in the industry.

Insurance news

Money Managers Orange Insurance squeezed dry
The life insurance business set up by Money Managers has been put into voluntary administration and it is understood the policies will be transferred to a major insurance company. More

Opinion: By Russell Hutchinson

A question of coverage
Fidelity Life has reported a record profit of $15.5 million for the year ended 30 June 2008, an increase of 20% over last year’s result of $12.9 million. More

Home Loan news

Borrowing strategies changing
Borrowing strategies for people with home loans are changing as New Zealand starts on the next part of its interest rate cycle.
More

People News

PIS recruits two more to its NZ team
PIS, which recently bought Newpark, has appointed two new staff. One a business development manager for the Northern region and the other a manager of research and compliance More