Legal and regulatory update for the life and health insurance sector

3 April 2023 - Reserve Bank releases finalised Debt-to-Income restriction framework that banks need to comply with if a DTI tool is activated. https://www.rbnz.govt.nz/hub/news/2023/04/reserve-bank-releases-debt-to-income-framework

3 April 2023 - Privacy Commissioner urges organisations not to collect or hold onto information they don't need in wake of Latitude Financial data breach https://privacy.org.nz/publications/statements-media-releases/new-zealands-biggest-data-breach-shows-retention-is-the-sleeping-giant-of-data-security/