Releases from the Minister

Found 50 results. Displaying page 1 of 3

1. 20 May 2022

   Outcome of MBIE/FMA review of funding and levies 2021

   MBIE has published the outcome of the 2021 review of the FMA’s funding and levies.

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/outcome-of-mbiefma-review-of-funding-and-levies-2021/

2. 21 October 2021

   NZ passes world-first climate reporting legislation

   New Zealand has become the first country in the world to pass a law that will ensure financial organisations disclose and ultimately act on climate-related risks and opportunities, Commerce and Consumer Affairs Minister Dr David Clark and Climate Change Minister James Shaw today announced today (21 OCTOBER 2021).

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/nz-passes-world-first-climate-reporting-legislation/

3. 11 October 2021

   Lower card fees good for businesses, consumers

   The Bill to help lower the cost of the fees retailers get charged for offering contactless and debit payment options is another step closer to becoming law, Commerce and Consumer Affairs Minister Dr David Clark said today (11 OCTOBER 2021).

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/lower-card-fees-good-for-businesses-consumers/

4. 28 September 2021

   Latest KiwiSaver Annual Report shows promising benefits for members

   The latest KiwiSaver Annual Report from the Financial Markets Authority (FMA), highlights how Government’s recent policy tweaks have positively benefitted New Zealanders, Commerce and Consumer Affairs Dr David Clark said today (28 SEPTEMBER 2021).

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/latest-kiwisaver-annual-report-shows-promising-benefits-for-members/

5. 14 May 2021

   KiwiSaver default provider scheme improvements slash fees, boosts savings

   Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today (14 MAY 2021).

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/kiwisaver-default-provider-scheme-improvements-slash-fees-boosts-savings/

6. 12 May 2021

   Govt to deliver lower card fees to business

   Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses approximately $74 million each year.

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/govt-to-deliver-lower-card-fees-to-business/

7. 13 April 2021

   NZ becomes first in world for climate reporting

   Commerce and Consumer Affairs Minister David Clark says Aotearoa New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities.

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/nz-becomes-first-in-world-for-climate-reporting/

8. 15 March 2021

   New financial advice rules will put consumers first

   Hon Dr David Clark issued a media release confirming the start of the new financial advice regime. The new financial advice regulatory regime puts the interests of consumers first.

   http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-financial-advice-rules-will-put-consumers-first/

9. 25 February 2021

   Government announces list of life-shortening conditions guaranteeing early KiwiSaver access

   “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/

10. 10 December 2020

    Lower card fees to benefit Kiwis and small businesses

    The Minister released that the Government is moving ahead with plans to regulate the bank payment system to make merchant service fees on debit and credit card fees fairer and less of a burden for Kiwis and businesses.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/lower-card-fees-to-benefit-kiwis-and-small-businesses/

11. 20 June 2020

    Combating debt in the wake of COVID-19

    The New Zealand Government announced additional funding being made available to strengthen existing debt solution services with access to debt specialists, and develop a national approach to address problem debt Minister for Social Development Carmel Sepuloni and Minister for Commerce and Consumer Affairs Hon Kris Faafoi announced today.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/combating-debt-in-the-wake-of-covid-19/

12. 4 June 2020

    Government makes further inroads on predatory lenders

    The Minister of Commerce and Consumer Affairs, Kris Faafoi, has signalled an end is in sight for high-cost lenders and truck shops who trap vulnerable people in debt.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-makes-further-inroads-on-predatory-lenders/

13. 30 April 2020

    Government fast-tracks new protections against loan sharks due to COVID-19

    The New Zealand Government is fast-tracking measures to protect people in financial hardship from high-cost loans that trap them in debt. Read the release from the Hon Kris Faafoi here.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-fast-tracks-new-protections-against-loan-sharks-due-to-covid-19/

14. 1 March 2020

    Default KiwiSaver changes support more responsible investment

    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/

15. 12 February 2020

    Important step for new financial conduct regime

    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/

16. 29 January 2020

    Government considers retirement income policy review recommendations

    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/

17. 4 December 2019

    Insurance contracts to become easier to understand and fairer for consumers

    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/

18. 29 October 2019

    $4 million increase in FMA’s litigation fund to strengthen enforcement capability

    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/

19. 25 September 2019

    New financial conduct regime makes banks and insurers treat their customers fairly

    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/

20. 17 September 2019

    Consumers deserve better from life insurers

    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/