The months of December 2020 and January 2021 have been a busy time in the funds management, superannuation and insurance sector. In particular, ASIC has released its final Regulatory Guide 274 Product design and distribution obligations, which will bring industry-wide changes to how financial products are formed, promoted and marketed. The impact of COVID-19 has continued into the new year with ASIC extending reporting deadlines, and both ASIC and APRA committing to continuing joint engagement in the financial services sector.
More information on these developments, as well as other industry news can be found here.