Legal and regulatory update for the life and health insurance sector

27 Jun 2025 - Minister of Commerce and Consumer Affairs, Hon Scott Simpson, April 2025 diary released with the following potential financial services sector related meeting noted:

• 1 May 2025 – ZOOM: MBIE Officials (MBIE officials)

• 5 May 2025 – MEET: FMA (Craig Stobo, Adrienne Meikle)

• 6 May 2025 – MEET: Insurance and Financial Service (Karen Stevens and Sue Suckling)

• 6 May 2025 – MEET: ACC Officials (ACC, Treasury, MBIE Officials)

• 7 May 2025 - MEET: MBIE Officials (MBIE Officials )

• 8 May 2025 – MEET: Commerce Commission (Commerce Commission)

• 13 May 2025 – MEET: MBIE Officials (MBIE Officials )

• 13 May 2025 -MEET: ACC Officials (ACC, Treasury, MBIE Officials)

• 14 May 2025 – MEET: Financial Advice NZ CE (Nick Hakes and Heather Roy)

• 15 May 2025 – ZOOM: ACC Board Chair & CE (Tracey Batten & Megan Main)

• 15 May 2025 – MEET: Retirement Commissioner (Jane Wrightson)

• 19 May 2025 - MEET: ACC Officials (MBIE and Treasury Officials)

• 20 May 2025 – MEET: ACC Officials (ACC, Treasury, MBIE Officials)

• 21 May 2025 – MEET: MBIE Officials (MBIE Officials)

• 21 May 2025 – MEET: Australia Banking Association (Anna Bligh, Chris Taylor)

• 23 May 2025 – CALL: Chair of FMA (Craig Stobo)

• 27 May 2025 - MEET: Masterton Financial Community Event (invited guests)

• 29 May 2025 – ZOOM: ACC Board Chair (Tracey Batten)

• 30 May 2025 – MEET: ACC Board Chair (Tracey Batten)

• 30 May 2025 – ZOOM: ACC Culture Reviewers (Phillipa Muir, Doug Craig)

https://www.beehive.govt.nz/sites/default/files/2025-06/Proactive%20Diary%20Release%20Simpson%20May%2025.pdf

30 Jun 2025 - Murray McClune, a former financial adviser, has pleaded guilty to two charges of theft by a person in a special relationship (s 220(1) of the Crimes Act 1961), following an investigation by the FMA. https://www.fma.govt.nz/news/all-releases/media-releases/former-financial-adviser-pleads-guilty-to-charges-of-theft/

1 Jun 2025 - The Depositor Compensation Scheme came into effect today, protecting depositors for up to $100,000 in the unlikely event that their bank or other licensed deposit taker fails.  https://www.rbnz.govt.nz/hub/news/2025/07/depositor-compensation-scheme-now-in-effect