Zoom filled the COVID-19 gap but the NZ financial services industry is prepping for a return to real face-time.
Richard Klipin, Financial Services Council (FSC) chief, said registrations began rolling in less than an hour after the industry body confirmed its annual conference date last Friday.
“We’ve already received a lot of positive feedback with registrations and interest from sponsors,” Klipin said. “We expect the conference attendance to remain robust.
The FSC, which formally absorbed the now-defunct Workplace Savings last year, attracted over 500 delegates for the 2019 event.
Themed this year under the ‘Generations’ tagline, the FSC conference has been set down for September 9-10 at its regular haunt of Auckland’s Pullman Hotel.
Klipin said the ‘Generations’ theme represented a “broadening of the FSC footprint” into the areas of sustainability, guardianship and well-being.
“It’s not just about asset allocation and investment returns,” he said.
But the conference also represents a last chance for the industry to influence the political machine on core issues before the September general election slated for the following weekend.
“It’s a platform for the sector to engage with the political process,” Klipin said.
While many speakers and sessions have yet to be confirmed, he said politicians and regulators would likely be among the keynotes.
Further information about the Generations conference and industry award applications is available here.
As well as the conference, the FSC has been stepping up on its research activities of late with the next tranche of a consumer research project due for release on Tuesday (June 16).
The ‘Money and you – it’s not about money it’s about you’ study, based on a survey carried out by Australian-headquartered firm CoreData, will provide insight on NZ consumers’ financial knowledge.
CoreData, headed by Andrew Inwood, also backed the FSC ‘Financial Resilience Index’, released this May.
But the FSC is working on a “significant” core data project of its own, Klipin said, that aims to collate and reorganise information from its underlying KiwiSaver and insurance members.
In a release, the FSC said the data program was “well-advanced” on the first of its three phases.
“… we now have a completed set of definitions for life insurance data, expanding the current data collected to include a broader range of information on insurance policies, market movements and claims experience,” the FSC said. “The investment stream has completed work on expanding KiwiSaver data collected, and focus is now on agreeing what non-KiwiSaver investment data the FSC collects and reports on…
“A major part of the new data solution is user-friendly data dashboards that will allow historic trend analysis, benchmarking and a market view for life insurance, KiwiSaver and investment.”
The FSC has engaged NZ firm, Data Insight, to help build the new system.
Klipin said the data project represented a “significant investment from the FSC both in terms of real dollars and time”.
Ultimately, he said the industry datasets would co-mingle with the FSC’s consumer research allowing members to garner a deeper understanding of trends and customer needs.
Much of the FSC data would be member-only but with some open to public view, Klipin said.