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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
1 mins to read

Delays dog $676m life insurance wind-up

‘Tax issue’ remains obstacle to clarity for thousands of Foundation Life policyholders.

Foundation Life chief executive Grant Piercy.

Tim Hunter Thu, 07 Jul 2022

After more than two years of delay, policyholders of life insurer Foundation Life should learn in September how the company plans to implement “project scholar” – a plan to shut down the company, cash up the policies and deliver a dividend to shareholders.

Foundation Life, owned by interests

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Tim Hunter Thu, 07 Jul 2022
Contact the Writer: thunter@nbr.co.nz
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Delays dog $676m life insurance wind-up
General Business,
94734
true