The long wait for Foundation Life wind-up
$500m scheme documents now under review by Reserve Bank, six years on from initial proposal.
Foundation Life chief executive Grant Piercy.
Tim Hunter
Mon, 11 Nov 2024
Details of the $500 million wind-up of Foundation Life remain unclear, six years after it was proposed by the life insurer’s wealthy Australian owners Anthony Eisen and the Liberman family.
An update for policyholders in July said scheme documents had been provided to the Reserve Bank for review
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Tim Hunter
Mon, 11 Nov 2024
Contact the Writer: thunter@nbr.co.nz
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