Hi

Welcome to this week's Cover Notes newsletter. We have for you an update on the latest developments around adviser regulation, more detail on AXA’s half-year results, the rollout of Tower's new illustration software and also Russell Hutchinson's latest opinion piece: Did your first love scar you for life?

Also, AXA's former head of marketing has taken on a new role at a health insurance business.

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

Insurance news

AXA insurance sales up 15%
Life insurance, or financial protection, continues to underpin AXA New Zealand's results according to the company's interim report. More

Tower's Blue Box sent packing
Tower Health and Life has replaced its Blue Box illustration software with a new package. More

OPTIMUS® – ‘the best’ tool for your advisory business OPTIMUS® is TOWER’s new illustration tool designed with advisers, for advisers. Great enhancements with adviser input makes OPTIMUS® a powerful tool for your business. OPTIMUS® The best (Latin). For more information, contact your BDM, email OPTIMUS.helpdesk@tower.co.nz or call 0800 500 167.

Opinion by Russell Hutchinson

Did your first love scar you for life?
There is a saying about pizza that runs, "even when it's bad, it's good". It could also be applied to sex - assuming an adequate level of consent and protection. But occasionally some people are so scarred by their first love they take a long time to learn to trust again.More

Regulation news

More tiers for advisers as committee redefines bill
A permanent financial adviser representative on the Securities Commission is one of the latest options to come out of moves to reform how the sector is regulated. More

Blog

Change of plans but are we there yet?
So we have yet another change of plans for regulating the financial adviser sector. As we reported yesterday the latest recommendations from the select committee have a couple of key features. More

Use these links to get details of the changes.

What has changed?
Industry reaction
Full Select Committee report
Blog & reader comments