Legal and regulatory update for the life and health insurance sector

1 Jul 2025 - The FMA has published its Statement of Performance Expectations for 2025/26. https://www.fma.govt.nz/news/all-releases/media-releases/statement-of-performance-expectations-for-2025-26/

1 Jul 2025 - The RBNZ has appointed Grant Spencer and reappointed Byron Pepper to its governing Board. Mr Spencer will serve for a five-year term, from 1 July 2025 to 30 June 2030. Mr Pepper will serve for a five-year term from 1 July 2025 to 30 June 2030. https://www.rbnz.govt.nz/hub/news/2025/07/appointments-to-reserve-bank-board

1 Jul 2025 - The Accident Compensation Corporation (ACC) has confirmed a series of annual adjustments to client payments, with new rates taking effect from July 1. https://www.insurancebusinessmag.com/nz/news/life-insurance/acc-boosts-payments-as-injury-costs-hit-new-highs-541105.aspx

2 Jul 2025 - The RBNZ has released its Statement of Performance Expectations for 2025/26, outlining what it intends to achieve to enable economic wellbeing and prosperity for all New Zealanders and how it will measure its performance. https://www.rbnz.govt.nz/hub/news/2025/07/rbnz-releases-statement-of-performance-expectations