Asteron Life introduces mental health support, and more daily news
FSC announce plans for Generations 2020

Legal and regulatory update for the life and health insurance sector

9 Sept 2020 – The RBNZ announced that Deputy Governor and General Manager of Financial Stability Geoff Bascand will be delivering a speech to the Insurance Council of New Zealand on Monday 14 September outlining the Reserve Bank’s review of the Insurance (Prudential Supervision) Act 2010. The speech and media release will be made available on the Reserve Bank website at 2:00 pm on Monday, 14 September 2020.

9 Sept 2020 – The Privacy Commission issued the Privacy News update via e-mail containing further information on the upcoming implementation of the Privacy Act 2020 from 1 Dec, including a free online tool called P20BOT to assist organisations to understand the upcoming changes in the Privacy Act. The online tool produces customised preparedness reports for an organisation, based on the answers provided. https://stoplookgo.co.nz/get-prepared-for-the-privacy-act-2020-with-p20bot/

10 Sept 2020 - The FMA guide to investing in bonds has come under fire. Good Returns quote Tony Hildyard of Hunter Investments, commenting on the FMA investor bond guide, available at https://www.goodreturns.co.nz/article/976517472/bond-specialist-raises-concerns-over-recent-fma-guidelines.html

 

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