Disappointing that our industry is being bashed up yet again
The media in New Zealand are having a field day with 15 charges being laid on Youi NZ Pty Ltd. The charges are relevant to deceiving customers which is a particularly important issue at the moment with this year being the 250th Anniversary of the principle Utmost Good Faith.
A link to one of the scathing attacks is here: http://www.radiolive.co.nz/Paul-Henry-reads-out-feedback-on-Youi-after-complaints-of-misleading-customers/tabid/504/articleID/126862/Default.aspx
Hot on the heels of this, an insurance broker has been banned for life for fraudulent behaviour but on a more positive note, it is good to see the Insurance Council of New Zealand acting promptly to consider the future of Youi NZ Pty Ltd in view of their alleged poor behaviour.