Income Protection NZ :: News
Insurance News from Income Protection NZ
Income Protection NZ is pleased to present the latest financial news headlines.
To read an entire news item, simply click on the headline.
News items on this page are prepared by our editorial team as summaries of publicly available news reports and
official announcements. See linked news sources where available. The following news items are for informational purposes only and are
not independent journalism.
HESTA's Initiative to Lower Insurance Fees and Strengthen Member Benefits
11 May 2026: Paige Estritori
HESTA, a prominent Australian superannuation fund, has unveiled a series of changes aimed at making insurance cover more accessible and affordable for its members. Effective from 1 July 2026, these changes include an average 12% reduction in insurance fees across all cover types.
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Challenger's Record Annuity Sales Drive Strong Half-Year Performance
11 May 2026: Paige Estritori
Challenger, a leading Australian wealth management firm, has reported an 11% increase in life sales, reaching $5.1 billion in the December half of the 2026 financial year. This growth is primarily attributed to record annuity transactions, underscoring the company's strategic focus on retirement income solutions.
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APRA's New Capital Framework for Longevity Products
11 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced significant reforms to the capital treatment of longevity products, including annuities, aimed at strengthening the market for retirement income solutions. These changes are set to take effect on 1 July 2026.
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Disability Claims Account for Majority of Life Insurance Disputes in 2025
11 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has released data indicating that disability income insurance (DII) and total and permanent disablement (TPD) claims were responsible for 88% of all life insurance disputes in 2025. This significant figure underscores the challenges policyholders face when navigating claims related to disability coverage.
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Hostplus and MetLife Australia Renew Group Insurance Partnership
11 May 2026: Paige Estritori
Hostplus, one of Australia's leading superannuation funds, has announced the extension of its group insurance partnership with MetLife Australia until June 2028. This renewed collaboration aims to enhance the insurance services provided to Hostplus members, focusing on improved claims processing, underwriting, and overall member experience.
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TAL and Acenda Recognised as Leading Life Insurers in 2026
11 May 2026: Paige Estritori
In the recently announced 2026 Life Insurance Awards by Money magazine, TAL and Acenda have been recognised as the top life insurers in Australia. TAL secured the title of Life Insurer of the Year across group and direct insurance categories, while Acenda was named Life Insurer of the Year in the advised category.
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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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