Predictions for 2021 – from the Laird’s Desk

This time of year, we often pause for reflection, consider that which has happened over the last 12 months, and contemplate what may lie ahead of us over the next 12 months.

Looking back at last year's predictions, these can be consigned to the wastepaper basket – Covid -19 overtook everything and anything with such rapidity as to render forecasts for 2020 irrelevant.

However, we did see an acceleration in the application for transitional FAP licenses – albeit considerably later than anticipated due to the pandemic. And there has been a consolidation among what were previously referred to as ‘Dealer Groups’.

There were also significant changes to the Income Protection product in Australia, and while the same impact may not have arrived in NZ, this is still a risk product worth monitoring.