The RegPlanner team would like to provide you with the summary of changes coming into effect on 1 October and 5 October 2021 and highlighting the key changes you need to be aware of.

From 5 October changes to the Insurance Contracts Act came into effect, replacing the Duty of Disclosure with the obligation to take reasonable care not to make a misrepresentation when entering into, renewing, extending or varying life insurance policies.

The Financial Services Council (FSC) White Paper on financial advice  outlines the FSC’s platform to reduce the cost of advice and unnecessary regulation and duplication.