Legal and regulatory update for the life and health insurance sector

13 Nov 2023 - The FMA reminds New Zealanders to remain vigilant to investment scams as part of Fraud Awareness Week 2023 https://www.fma.govt.nz/news/all-releases/media-releases/fma-encourages-new-zealanders-to-be-aware-of-investment-scams/

13 Nov 2023 - ASIC calls on organisations to prioritise their cyber security after its report into the cyber capability of corporate Australia identified significant gaps https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-300mr-asic-calls-for-greater-organisational-vigilance-to-combat-cyber-threats/

14 Nov 2023 - Research released by ASIC’s Moneysmart program shows for 68% of Gen Zs, finances are a major cause of concern, more than any other age group (57% of non-Gen Zs). https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-302mr-gen-z-more-concerned-about-finances-than-any-generation-in-australia/

14 Nov 2023 - The Reserve Bank of New Zealand publishes Karen Silk's speech on building a balance sheet to support financial stability https://www.rbnz.govt.nz/-/media/project/sites/rbnz/files/events/2023/11/building-a-balance-sheet-to-support-financial-stability.pdf

15 Nov 2023 - The FMA has opened consultation on its approach to outcomes focused regulation, including the fair outcomes for consumers and markets it wants to see financial service providers focus on. Consultation closes 1 March 2024. https://www.fma.govt.nz/news/all-releases/media-releases/fma-opens-consultation-on-fair-outcomes-for-consumers-and-markets/