Southern Cross have reported that the feedback they received from members on the $50 million return has be positive. Additionally, it was reported that the credit return has been helpful.
Although helpful, Southern Cross have said that it is unlikely to happen again if we remain in Alert Level 1.
“Despite the significant chunk of savings made through April, Astwick says that as long as New Zealand stays at Alert Level 1, another giveback of a similar scale is unlikely – especially since the private health system was able to resume as early as Alert Level 3.” Click here to read more
In other news:
RBNZ: RBNZ released a statement supporting a worldwide multi-stakeholder appeal to keep and improve migrants’ access to remittance or money transfer services during the current economic crisis brought about by the COVID-19 pandemic.