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
Hi Neighbours, It might be raining but the record dry which is depleting Auckland's water supply is not going away in a hurry. Is it "just a dought?": Read the story below:
Kia ora Auckland, it's time to dust off that old camera, get out and about and show the rest of your neighbours your favourite, treasured spots in your region. It could be an awesome view, the shy wildlife or even the old buildings that are wanting their stories to be told.
Go ahead, get snapping and illustrate what's beyond your backyard.
Post your photographs in the comments below ⬇️
It was a pitch-black, two-second encounter with this amazing cephalopod that gave 14-year-old Aucklander, Cruz Erdmann an opportunity to capture the captivating winning shot of a bigfin squid illuminating the inky blackness of the ocean.
Cruz took out the Young Wildlife Photographer of the Year category, being chosen from nearly 50,000 entries from 92 counties, honoured by the longest-running nature photography exhibition in the world! We spoke to this young creative on his incredible achievement.
As the Museum is now open, come and see all of the stunning images from the exhibition, extended for a limited time.