Weekly News Wrap for W/E 4 February 2022

01/02/2022 3 min Temporada 2022 Episodio 93
Weekly News Wrap for W/E 4 February 2022

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Episode Synopsis

Just over two years on from its 2019 launch, Partners Life has given advisers one more reason to use its MUM underwriting system – it now includes an option for clients to enter their information directly into the company's system.The firm says it will save advisers time, benefit clients living in different locations to the adviser, and streamline the application process.Poll - Our latest poll asks you to consider your preferences when it comes to paper-based versus electronic policy applications.When AIA NZ’s CEO Nick Stanhope went on extended leave in November last year, the firm’s Sharron Botica (pictured) stepped in to run the show. However, she’s been doing more than just holding the fort.She says Covid and lockdowns made all of us focus on the digitisation of the business. And that delivering a frictionless system for advisers is key.Botica also says growing AIA NZ’s share of market by taking business away from competitors doesn’t help the sector grow. She says the firm is developing new products to help make the pie bigger.Read the full interview at riskinfo NZ .co .nzAnd sticking with AIA NZ, Dame Paula Rebstock has joined the board of the insurer as an Independent Non-Executive Director.Rebstock holds a Master’s degree in Economics from the London School of Economics and has extensive professional experience in corporate and public services governance,.Dave Greenslade, Executive Director at Strategi, says FAPs and others working across the sector should consider forming a plan of ongoing training to keep ahead of the FMA's requirements.He suggests a professional development plan (PDP) be put in place, saying the new advice regime effectively drags all providers of financial advice up to and slightly beyond the standard expected of AFAs.Greenslade recommends all financial advisers and nominated representatives develop and maintain a PDP.In a column for risk info nz Financial Advice NZ's CEO Katrina Shanks provides a quick overview of where the advice community should focus their efforts this year.The organisation has launched a tool kit for members to help them stay on track when it comes to meeting regulatory requirements ahead of the March 2023 cut-off date for fill licencing. Hosted on Acast. See acast.com/privacy for more information.