The New Zealand financial services sector is undergoing significant regulatory, technology and market change. This includes a significant focus on conduct and culture as well as a number of thematic reviews and today the Financial Services Council (FSC) welcomed the ongoing response by its members.
The industry is listening, responding and evolving to changing consumer needs and public expectations. The life insurance sector knows that it needs to continually adapt to remain relevant to Kiwis and as a significant step forward a number of FSC members have recently announced they are stopping overseas incentive conferences for Financial Advisers.
FSC Chief Executive, Richard Klipin, said “Removing overseas incentive conferences is just one example of how industry is working to deliver improved and more transparent outcomes for consumers.”
Read the media release.