Insurers face strict solvency requirements from Reserve Bank

Post author By New Zealand Blog News Service
Post date January 31, 2021

Stronger scrutiny of the life insurance sector by the Reserve Bank has forced a retirement fund to suspend new memberships.

Tory Whanau may have to sell Wellington mayoralty to make ends meet September 20, 2024
Tory Whanau has revealed that she’s struggling so much financially that she may have to part with her beloved mayoralty, that of New Zealand’s capital city, if she’s to fund her ever-diminishing lifestyle. Whanau was elected to lead Wellington in 2022, winning an overwhelming victory against the incumbent mayor: the evil version of Jason Gunn. […]
Ben Uffindell
Ukrainian militia receives defective shipment of pagers that just send and receive messages September 18, 2024
There’s been a major setback for one Ukrainian-backed militia on the Russian border, after the group ordered a large shipment of pagers to use as improvised explosive devices. The plan was to litter the pagers throughout abandoned homes and buildings in hopes of wounding Russian soldiers. But upon arrival of the shipment, routed through the […]
Ben Uffindell
Government directs Te Puni Kōkiri to conduct Māori Language Week in English September 17, 2024
The coalition government has issued a directive to Te Puni Kōkiri, the Ministry of Māori Development, instructing them that – in the interests of clear communication – they are to conduct this year’s Māori Language Week primarily or exclusively in English. The directive is in line with the Government’s policy – signaled when they came […]
Ben Uffindell
Government celebrates fact that New Zealand’s healthcare is so good people are queuing up for it at 5am September 17, 2024
At yesterday’s post-cabinet press conference, Prime Minister Christopher Luxon, flanked by his Health Minister Shane Reti and someone we can’t independently verify was a real sign language interpreter, announced that he had some positive news for the country. “Alright team, I’m just going to hand over to uh, Dr. Shane, because I think he’s got […]
Ben Uffindell
Heartwarming: Thoughtful driver uses indicator to tell you what they’ve just done September 17, 2024
It’s 4:10pm in the morning, and you’re in the middle lane heading north on the great southern motorway of our nation’s capital, Auckland. There are no cars directly in front of you, but quite a few in the lane to your left. Suddenly, without warning, a black ute enters your lane, cutting in front of […]
Ben Uffindell
NPC teams will now be allowed to actually use the Ranfurly Shield in play September 17, 2024
Following decades of controversy, the governing body of New Zealand rugby, New Zealand Rugby, has ruled that the team currently holding the Ranfurly Shield may once again use it in play during the National Provincial Championship (NPC). The ruling restores the utility of a prize that for many years was rendered merely symbolic, after the […]
Ben Uffindell
Police say they won’t respond to bomb threats anymore as ‘it’s never anything’ September 16, 2024
Police Commissioner Andrew Coster says that New Zealand’s police force will no longer respond to bomb threats, in an attempt to cut costs and redirect police resources to less boring activities. Coster said that threat response and bomb disposal was a “fairly obvious” area for downsizing, as bomb threats are “never anything”, a “huge waste […]
Ben Uffindell
Air New Zealand flight attendant named CEO after one year on job November 30, 2021
New Zealand’s national carrier, Air New Zealand, has expressed great enthusiasm in announcing its new CEO today: 51-year-old Nathan Guy, a flight attendant who has spent about 1200 hours on the job. Guy joined the company as a fresh-faced, wide-eyed flight attendant serving now-reduced domestic routes in November of 2020, and has since spent a […]
Ben Uffindell
National Party board denies it unanimously agreed to Collins’ Faustian bargain with Satan November 26, 2021
National Party president Peter Goodfellow is today issuing a strong denial on behalf of the party’s board, saying they did not, at any point, agree to the Faustian bargain that National leader Judith Collins struck with the Evil One, Son of Perdition, the Devil Satan himself. When Collins became the leader of the National Party […]
Ben Uffindell
Super Saturday recap: Patrick Gower doesn’t know what he’s supposed to do October 16, 2021
It was Aotearoa’s first national day of action in over ten years, the first since 2010, when Prime Minister John Key tried to inspire us to clean up our nation’s berms. It didn’t work. Today, New Zealand’s berms are worse than ever. But history is not destiny, and other cliches. Today, we tried again, this […]
Ben Uffindell

Jury out in manslaughter case of couple sent 'flying in air' April 11, 2025
Geoffrey and Karen Boucher were hit by a motorcycle as they crossed a highway at Bethlehem, near Tauranga. The bike's rider now faces manslaughter charges in the High Court at Rotorua. The jury has been left to decide if the way a 60-year-old was riding on July 22, 2022, was a “wanton disregard” for the […]
Former funeral director Fiona Bakulich jailed April 11, 2025
Fiona Bakulich is facing charges of interfering with human remains and eight counts of obtaining by deception. Photo: Lucy Xia By Finn Blackwell of RNZ A former Auckland Funeral Director has been sentenced to jail for two years and three months for interfering with human remains and obtaining money by deception.
Crowd claps as golfer urinates in creek during Masters April 11, 2025
Jose Luis Ballester in action during the first round of the Masters. Photo: Getty Images Jose Luis Ballester's performance in the first round of the Masters offered fans little to get excited about but the Spanish amateur drew loud applause after relieving himself in a creek within view of spectators at Augusta National.
Luxon rules out another Treaty Principles Bill April 11, 2025
Prime Minister Christopher Luxon. Photo: RNZ By Craig McCulloch of RNZ Prime Minister Christopher Luxon has flatly ruled out entertaining another iteration of the Treaty Principles Bill, a day after it was defeated in Parliament.
Job relisted without 'tikanga' title at Peters request April 11, 2025
NZ First leader Winston Peters. Photo: RNZ A job ad for the Ministry of Foreign Affairs and Trade that enraged Winston Peters has been relisted with a tweaked title, removing the word 'tikanga'.
Poppy Day April 11, 2025
Poppy day at Couplands.
Bike racks back on buses from Wednesday April 11, 2025
Photo: ECan Canterbury buses will be able to carry bikes on front-mounted racks again during the daytime from Wednesday, April 16.
Speed bumps wanted as Christchurch golfers run 'race track' gauntlet April 11, 2025
Golfers cross Lake Terrace Rd during a break in traffic. PHOTO: GEOFF SLOAN It is only a matter of time before a golfer is seriously injured crossing Lake Terrace Rd.
Jack Ward
Woman given wrong embryo in IVF mixup April 11, 2025
Photo: Getty Images (file) One of Australia's biggest IVF providers says it accidentally implanted the embryo of the wrong couple into a woman who learned of the mistake after giving birth, with the company's initial investigation putting the mistake down to "human error".
Oyster parasite returns to Foveaux Strait April 11, 2025
The oyster season opened with happy faces and high expectations. Strahan and Vicky McCallum, their son, Harry, and his partner, Megan Whyte, were happy with their opening day haul of 100 oysters, but for the professional oyster fishers it has been more of a struggle. PHOTO: NINA TAPU The start of the oyster season has been […]
Luisa Girao

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