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Foundation Life finally announces wind-up scheme

After seven years, thousands of life insurance policyholders learn how the company plans to wind up its Project Scholar scheme.

Foundation Life chief executive Grant Piercy.

Tim Hunter Wed, 07 May 2025

Life insurer Foundation Life has finally announced details of its Project Scholar wind-up scheme to policyholders, seven years on from its initiation.

The proposal will handle the cancellation of life insurance policies and the distribution of more than $580 million of assets.

According to documents

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Tim Hunter Wed, 07 May 2025
Contact the Writer: thunter@nbr.co.nz
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Foundation Life finally announces wind-up scheme
Finance,
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