Hello

This week has been the week of launches. First up was news of TOWER Health and Life’s new premiums and also this week we had ING with a product launch.

We cover THL in this issue of Cover Notes and have some updated coverage of its changes.

Other news this week includes the loss of a long-time risk adviser and the latest in our practice management series.

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

Insurance news

Tower slashes premiums
Tower Health and Life has made major changes to its life insurance premiums propelling its products up into the number one spot in various categories. More

See how they compare
New to the site is a table showing how TOWER’s new premiums stack up against its competitors. More

AMP veterans go in restructure
AMP Financial Services has cleared out its senior management team with a number decamping to TOWER. More

Sharper life rates hit the market! TOWER have decreased the premium rates for our Life 360 & Business 360 Life Cover, Trauma Cover and Permanent Disability Cover to make higher sums insured more affordable. Click here for further details on the new rates. For more information email healthandlife@tower.co.nz or call 0800 500 167.

Blog

Industry needs to be ready for a stall – or a rush
This week we have a guest Blogger. Good Returns’ journalist in Parliament’s Press Gallery, Rob Hosking, looks at what chance the adviser regulation changes have of getting passed into law before the election. More

People

Mike McCarty, one of the directors of the Liberty Group, died on Monday morning. He ran an advisory business, Mainstay, with Neil Rundle.

Also there has been a big shake-up at AMP. One of the general managers to leave is Simon Manning.

Diary

Good Returns’ diary has a list of upcoming events for advisers. One series, of interest to risk advisers, is AIG Life’s upcoming roadshow.