Releases from the Minister

Found 37 results. Displaying page 1 of 2

1. 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/

2. 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/

3. 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/

4. 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/

5. 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/

6. 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/

7. 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/

8. 9 September 2019

   Government welcomes Capital Markets 2029 Report

   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/

9. 6 September 2019

   Two new Financial Market Authority Board members appointed

   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/

10. 21 July 2019

    KiwiSaver changes provide savings access for people with shortened life expectancy

    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/

11. 19 June 2019

    New advice safeguards will protect consumers

    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/

12. 8 May 2019

    Code of conduct means better financial advice

    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/

13. 29 April 2019

    Financial safeguards for consumers a step closer

    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/

14. 5 April 2019

    New financial advice regime helps Kiwis tackle their money worries, plan for the future

    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/

15. 1 April 2019

    FMA board appointments confirmed

    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/

16. 12 March 2019

    Access to global financial markets safeguarded

    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/

17. 12 March 2019

    New disclosure requirements give consumers information on commissions, issues

    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/

18. 5 February 2019

    Australian Royal Commission findings concerning, but NZ moves to protect consumers already in train

    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/

19. 29 January 2019

    Govt to act to protect bank, insurance consumers

    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/

20. 5 November 2018

    Banks on notice to lift their game

    A review of bank conduct, released today by the Financial Markets Authority (FMA) and Reserve Bank of New Zealand (RBNZ), identifies instances of poor conduct by bank staff and weaknesses in bank processes to manage them.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/banks-on-notice-to-lift-their-game/