Opening comments by Peter Kell, Deputy Chair,
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Actuaries Institute Financial Services Forum, Hilton Sydney
(Sydney, Australia), 22 May 2018
Thank you for the opportunity to speak today.
I will talk to you about four broad topics:
- 聼迟丑别 trust deficit in financial services and what that means for standards of conduct in industry
- 聼ASIC鈥檚 focus on life insurance including ASIC鈥檚 work on financial advice, direct insurance and insurance through super
- 聼opportunities for financial services firms to strengthen codes and to take cross-industry action to restore consumer trust and confidence
- regulatory reforms with implications for both legal requirements and community expectations.