The government-owned Kiwibank, who kicked off the latest mortgage rate war last month with a one-year fixed "special" on the same day Reserve Bank governor Alan Bollard opened the door to a possible official cash rate (OCR) cut, has belatedly matched most of the rest of the market's across the board cuts.
Asteron has increased the commission paid to advisers’ across its entire disability income products range and its mortgage repayment cover.
New business in most product categories of life insurance written by Financial Services Council members fell sharply in the March quarter compared with both the previous quarter and the March quarter last year.
Partners Life continued to gain market share in the March quarter for the fourth successive quarter, although new business was down for most companies compared with both the December quarter and the March quarter last year.
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- Insurers and adviser bodies criticised for lack of new adviser support
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