Hello

As promised last week we have an update on the PIS/Newpark deal. It seems the original proposal didn't get over all the initial hurdles and now it is onto the next plan.

Also this week we have news on AIG Life's new adviser remuneration package, Russell Hutchinson's latetst column and in our Mortgage News section a piece about Kiwibank now selling its loans through a broker network.

Insurance News

Newpark deal sunk by shareholder vote
The proposed takeover of insurance advisory business Newpark Financial Services by Australian firm Professional Investment Services (PIS) has fallen over at the last hurdle after the deal failed to secure enough support from one class of shareholders in the Gold Coast-based firm. More

AIG Life changes commission structure
AIG Life is rolling out its new adviser remuneration package which includes loyalty benefits and takes it out of the commission wars. More

Kiwibank extends hand to brokers
Kiwibank has started selling loans through mortgage brokers for the first time, through a deal with broking group Mortgage Link. More

Opinion: by Russell Hutchinson

Too good at selling life insurance?
As people study the new adviser legislation harder and contemplate exactly what it means, a question has emerged around needs analysis. More