Releases from the Minister
Read the latest press releases from the Minister of Commerce and Consumer Affairs.
Found 38 results. Displaying page 1 of 2
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“The Government has today announced the list of life-shortening congenital conditions that will guarantee early withdrawal under a new KiwiSaver category created last year,” Commerce and Consumer Affairs Minister David Clark said.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-announces-list-of-life-shortening-conditions-guaranteeing-early-kiwisaver-access/
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New Zealanders’ savings in KiwiSaver default funds will soon exclude investment in fossil fuels, the Ministers of Finance and Commerce and Consumer Affairs announced today.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/default-kiwisaver-changes-support-more-responsible-investment/
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Clear requirements for ensuring customers are treated fairly by banks, insurers and other financial service providers are included in new financial conduct legislation that passed its first reading today.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/important-step-for-new-financial-conduct-regime/
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The Government is now considering the recommendations of the Retirement Commissioner’s review into New Zealand’s retirement income policies.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-considers-retirement-income-policy-review-recommendations/
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New Zealand consumers will have greater certainty about their insurance cover when they need to make claims as a result of proposed government changes.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/insurance-contracts-to-become-easier-to-understand-and-fairer-for-consumers/
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The Minister increases FMA's litigation fund to strengthen enforcement capability
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/4-million-increase-in-fmas-litigation-fund-to-strengthen-enforcement-capability/
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Customers can expect fairer treatment from banks, insurers and other financial service providers as the Government moves to introduce a new regime to regulate financial conduct, Commerce and Consumer Affairs Minister Kris Faafoi said.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-financial-conduct-regime-makes-banks-and-insurers-treat-their-customers-fairly/
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The Minister of Commerce and Consumer Affairs says a number of life insurers still need to lift their game after an underwhelming response to the Reserve Bank of NZ (RBNZ) and Financial Markets Authority (FMA) conduct and culture review.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/life-insurers/
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Commerce and Consumer Affairs Minister, Kris Faafoi, says key areas of opportunity have been highlighted in a report released today to ensure New Zealand’s capital markets continue to support sustainable economic growth.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/capital-markets-2029/
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Commerce and Consumer Affairs Minister Kris Faafoi has confirmed the appointments of Sue Chetwin and Michael Stiassny as new members of the Financial Markets Authority (FMA) Board.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/two-new-financial-market-authority-board-members-appointed/
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The Government is changing the KiwiSaver rules so that people with congenital life-shortening conditions can withdraw their savings when they retire, Commerce and Consumer Affairs Minister Kris Faafoi announced today.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/kiwisaver-changes/
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Consumers will have more peace of mind dealing with financial advisers under a new licensing and rules regime announced today by Minister of Commerce and Consumer Affairs Hon Kris Faafoi.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-advice-safeguards-will-protect-consumers/
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A new Code of Conduct will ensure all financial advice provided to Kiwis is of good quality, Commerce and Consumer Affairs Minister Kris Faafoi says, because this advice is crucial in helping Kiwis achieve the lifestyles and retirement they want. Read more.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/code-of-conduct-means-better-financial-advice/
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Commerce and Consumer Affairs Minister Hon Kris Faafoi said improved protections were needed to ensure customers got a fair deal and appropriate services. Read more.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/financial-safeguards-for-consumers-a-step-closer/
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Commerce and Consumer Affairs Minister Kris Faafoi says New Zealanders should have better access to quality financial advice as a result of changes in the Financial Services Legislation Amendment Bill, which passed through Parliament today. Read more.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-financial-advice-regime/
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Commerce and Consumer Affairs Minister Kris Faafoi today confirmed Mark Todd as the new Chairman of the Financial Markets Authority (FMA), and Chris Swasbrook as an associate member. Mr Todd takes over from Murray Jack, whose term expires at the end of April 2019. Read more.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/fma-board/
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New Zealand’s continued access to key global financial markets is assured after legislation aligning New Zealand’s financial markets law with new international regulations reached its first milestone, Commerce and Consumer Affairs Minister Hon Kris Faafoi says. Read more here.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/access-to-global-financial-markets-safeguarded/
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Commerce and Consumer Affairs Minister Kris Faafoi says consumers will be able to have more confidence in financial advice under new disclosure requirements agreed by Government. Read more here.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-and-better-disclosure-requirements/
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The New Zealand Government will closely analyse the outcomes of the Australian Royal Commission but has already committed to ensure consumer interests are protected in the banking and insurance sector.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/australian-royal-commission-findings-concerning-but-nz-moves-to-protect-consumers-already-in-train/
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A report released today by the FMA and RBNZ highlighted major issues in the insurance sector impacting on consumers. This follows a report on banking conduct and culture released in December.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/govt-to-act-to-protect-bank-insurance-consumers/