Industry awards finalists revealed, and more daily news
FMA identify poor value product, and more daily news

Legal and regulatory update for the life and health insurance sector

23 Sept 2021 – RBNZ advised that it will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to owner-occupiers to reduce risky mortgage lending from 1 November 2021. https://www.rbnz.govt.nz/news/2021/09/reserve-bank-tightens-lvr-restrictions

23 Sept 2021 – FMA media release advising that credit card repayment insurance is a poor value product, urging customers to check policies. https://www.fma.govt.nz/news-and-resources/media-releases/credit-card-repayment-insurance-a-poor-value-product-customers-urged-to-check-policies/

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