You may wish to know of this exploitation by a firm which is supposed to be respected.
Largest NZ insurance broker, P.I.C, is exploiting and dealing underhandedly with their clients in the dire situation that New Zealanders are in by charging an APR of nearly 25% to pay monthly. This is outrageous and disgusting at a time when we all need to pull together.
My partner’s 25 year old business lost 100% of its income when the lockdown started. Most suppliers helped to try and keep her afloat either by reducing their charges by up to 66% or deferring payment so that she would be in a position to restart when the lockdown ended.
PIC, NZ largest insurance broker, was approached to allow a monthly payment of the insurance premium payable on 15 April 2020. They agreed and quoted an interest rate of 9% - high but not extortionate at this time. No mention was made of the fact that a finance company would be involved. Finance papers were then emailed for a company called Stockade Premium Funding Ltd showing an APR of 24.83% and a flat rate of 9.8%. There is no risk to Stockade Premium Funding Ltd as a Direct Debit has to be signed and if payment stops the insurance is immediately cancelled.
When PIC office in Pukekohe was queried about the interest rate they stated that they had no knowledge of the 25% and that the interest rate was only 9%. When asked to review the position, they stated that the terms to go monthly were non-negotiable.
P.I.C INSURANCE BROKERS LIMITED (Company #451964) and the finance company, STOCKADE PREMIUM FUNDING LIMITED (Company #1138701), are majority owned and totally controlled by Michael Geoffrey GARNER, 20 Chisbury Terrace, Shelly Park, Manukau, 2014 , New Zealand
A special day in our Advanced Cookery students preparing mouthwatering finger food treats. Starting with Celia’s ever-best, fresh out of the oven, Salmon & Spinach Roulade, crispy fried carrot, celery and ricotta wontons, Oleksii, from Ukraine, holds a plate of the bllini with smoked salmon mousse topped with paprika, Yorkshire puddings with rare beef & horseradish cream and finally filo tartlets with chervil & coriander mousse.
Hey neighbours, everyone's had a part to play in the fight against Covid-19, but here's a chance to say thanks to someone you know who kept working for the benefit of the rest of us - nurses, doctors, pharmacists, teachers, supermarket employees and many, many more.
We're giving away three prizes with Resene, each worth more than $500, including a Resene colour consultation, a $350 Resene voucher and the latest Resene fan decks.
So if you know an essential worker who would love one of these prize packs, click here to nominate them.
Hey neighbours, how do you feel about the changes to building consent rules for low-risk home projects?
The government says the change will save homeowners time and money, but pro builder and The Block NZ foreman Peter Wolfkamp, is advising caution if you're planning a DIY sleep-out or office. Find out why, here.