Partners Life study on effects of COVID-19 on perceived value of insurance, and more daily news
Partners Life announce MUM Application Pack launch, and more daily news

Legal and regulatory update for the life and health sector

10-11 Dec 2020 – Government announced it is moving ahead with plans to regulate the bank payment system to make merchant service fees on debit and credit card fees fairer and less of a burden for Kiwis and businesses. MBIE published an Issues paper: “Regulating to reduce Merchant Service Fees”, with submissions closing at 10 a.m. on 19 Feb 2021. https://www.mbie.govt.nz/have-your-say/regulating-to-reduce-merchant-service-fees/

10 Dec 2020 - The Australian government announced its intention to expand the operation of the Financial Services and Credit Panel (FSCP) within the Australian Securities and Investments Commission to encompass the functions of a single, central disciplinary body for financial advisers. The Australian government further proposed that the standard-making functions of FASEA would move to Treasury. The remaining elements of FASEA’s legislative functions, including administering the adviser examination, are proposed to be incorporated into the FSCP’s expanded mandate. Legislation implementing these reforms is intended to be introduced into the Australian Parliament in the first half of next year. https://www.fasea.gov.au/government-proposal-to-simplify-the-regulatory-framework-applying-to-financial-advisers/

10 Dec 2020 – Treasury released the Annual statement by the Trans-Tasman Council on Banking Supervision. https://www.treasury.govt.nz/publications/information-release/trans-tasman-council-banking-supervision-2020-statement-release

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.