Hello

One of the big industry themes at the moment is changes to the groups of advisers, especially in the life insurance space.

Cover Notes this week has an update from the PIS Conference where the company talks about its plans in the risk space (and who it is talking to), along with a report on a session which included the Minister of Commerce and the heads of the PAA and IFA. Well worth a read.

This week we also have the latest market share stats, along with a couple of key appointments.

Remember if you have any news tips please email them to editor@goodreturns.co.nz.

Enhancements to TOWER's Business 360 Key Person Cover coming soon! These include new features to make it simpler and more appealing for your business clients. Watch this space for details......

Insurance news

PIS aims to be Number One in a year
Professional Investment Services aims to be the number one dealer group in New Zealand "by this time next year", managing director Grahame Evans says. More

In force premiums up nearly 10%
Market statistics for life insurance at the end of June 2008, recorded an increase of 9.6% in the total premiums paid for in-force life policies from $1.35 billion to $1.48 billion over the past year. More

Opinion by Russell Hutchinson

Opinion: The advantages of being second class
Is there any plain reason why you pay road user charges for diesel and a license fee for petrol? Not really. You can argue about it, quote the history, but the argument is evidence for the question – not against it. More

Regulation news

National supports adviser bill: Dalziel
The two big adviser associations have been ticked off by the Minister of Commerce, Lianne Dalziel, after they outlined their concerns about the latest proposals to regulate advisers. More

Blog

Changing of the guard
Over the years there have been two firms, in my mind, that have been true innovators in the financial services industry and who have comfortably travelled below the radar.More