Wellington Hurricanes player Jeremy Thrush, right, celebrates Saturday's victory over Blue Bulls as Bulls player Wener Kruger looks on. Marty Melville / AFP / April 5, 2014
Wellington Hurricanes player Jeremy Thrush, right, celebrates Saturday's victory over Blue Bulls as Bulls player Wener Kruger looks on. Marty Melville / AFP / April 5, 2014
Wellington Hurricanes player Jeremy Thrush, right, celebrates Saturday's victory over Blue Bulls as Bulls player Wener Kruger looks on. Marty Melville / AFP / April 5, 2014
Wellington Hurricanes player Jeremy Thrush, right, celebrates Saturday's victory over Blue Bulls as Bulls player Wener Kruger looks on. Marty Melville / AFP / April 5, 2014

Beauden Barrett tops 100 points as Wellington Hurricanes notch big win over Blue Bulls


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Flyhalf Beauden Barrett surpassed 100 points for the season, kicking six penalties to lift the Hurricanes to a 25-20 win over the Bulls in Super Rugby on Saturday.

South Africa’s Bulls looked likely to become the first team this season to win outside their own country when replacement flyhalf Handre Pollard sliced through the Hurricanes’ defence in the 68th minute for a converted try that gave the Bulls a 20-19 lead.

But Barrett reclaimed the lead for the Hurricanes with his fifth and sixth penalties of the match, adding a conversion of Andre Taylor’s first-half try for a personal tally of 20 points.

The Bulls rallied from 13-3 down in the first half and outscored the Hurricanes by two tries to one, but were finally beaten on goal kicks.

The Bulls produced an outstanding defensive performance to hold the Hurricanes to a 16-13 lead at halftime, though the Wellington-based side – playing at their alternative home venue – had dominated almost every aspect of the match.

The Hurricanes set out to test the Pretoria-based Bulls by playing the game at pace and with width in the first 40 minutes and they kept up steady pressure which the visitors showed great character to resist. The Hurricanes also tested the Bulls’ defence with a kicking game and won six kick recoveries against a defensive line that was often strained.

But the Hurricanes managed only one try, to fullback Taylor, from a brilliant cross-field kick by Barrett that was knocked into Taylor’s arms by winger Cory Jane.

After being hard-pressed to clear their territory for much of the half, the Bulls scored a try against the run of play through fullback Jurgen Visser, from a high kick by flyhalf Jacques-Louis Potgeiter. Potgeiter was forced from the field early in the second half with a leg injury.

His replacement, Pollard, made an outstanding contribution when he sidestepped and cut between Hurricanes flankers Faifili Levave and Jack Lam for the try that gave the Bulls their first lead. However, the Bulls made two disciplinary errors late in the match, conceding penalties that were converted by Barrett.

“We played a really good side that almost wrested it away from us,” Hurricanes captain Conrad Smith said. “While I thought we showed really good character to stick with what we know well, it almost got away from us.

“It’s a tight competition and these games are going to come down to the wire. It was nice to get one go our way.”

The Bulls sustained a heavy injury toll in the first match of a four-game tour to Australia and New Zealand but took confidence from a gutsy performance.

“Well done to Conrad and the boys,” Bulls captain Flip van der Merwe said. “They really put us under pressure and played us really well.

“We lost a couple of guys early on and made a couple of huge mistakes in our area and that cost us at the end of the night.”

Hurricanes 25 (Andre Taylor try; Beauden Barrett conversion, 6 penalties), Bulls 20 (Jurgen Visser, Handre Pollard tries; Jacques-Louis Potgeiter conversion, 2 penalties; Handre Pollard conversion).

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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