Releases from the Minister

Found 49 results. Displaying page 2 of 3

1. 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/

2. 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/

3. 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/

4. 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/

5. 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/

6. 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/

7. 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/

8. 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/

9. 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/

10. 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/

11. 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/

12. 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/

13. 24 October 2018

    Minister in Canberra to discuss competition, consumer issues and banking regulation

    Mr Faafoi will meet with Hon Clare O’Neil, Shadow Minister for Financial Services and will discuss the Australian Royal Commission’s enquiry into misconduct in the banking, superannuation and financial services industry.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/minister-in-canberra-to-discuss-competition-consumer-issues-and-banking-regulation/

14. 10 October 2018

    Government crackdown on loan sharks

    The Government is introducing tough new measures to protect people from loan sharks and truck shops.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-crackdown-on-loan-sharks/

15. 27 June 2018

    Credit review and measures to stop predatory lending released for discussion

    Minister of Commerce and Consumer Affairs Hon Kris Faafoi released the discussion paper outlining findings from the review of the Credit Contracts and Consumer Finance Act.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/credit-review-and-measures-to-stop-predatory-lending-released-for-discussion/

16. 19 June 2018

    Govt to shine a light on misuse of New Zealand companies and directorships

    Measures to increase transparency and combat misuse of New Zealand companies have been progressed with the release of a discussion paper for consultation.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/govt-to-shine-a-light-on-misuse-of-new-zealand-companies-and-directorships/

17. 11 June 2018

    KiwiSaver statements to show retirement incomes, likely total savings

    KiwiSaver annual statements will show projected balances at retirement and income figures to help consumers make better decisions about their savings.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/kiwisaver-statements-to-show-retirement-incomes-likely-total-savings/

18. 29 May 2018

    Ministers meet bank and insurance regulators

    Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister Kris Faafoi have met with the RBNZ and the FMA to discuss their previously announced review of the conduct and operations of the financial sector.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/ministers-meet-bank-and-insurance-regulators/

19. 22 May 2018

    Next step taken to improve consumer protections in insurance contract law

    Commerce and Consumer Affairs Minister Kris Faafoi announced the start of public consultation on New Zealand’s insurance contract law.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/next-step-taken-to-improve-consumer-protections-in-insurance-contract-law/

20. 10 May 2018

    Fairer deal sought for defrauded Ponzi Scheme investors

    Commerce and Consumer Affairs Minister Kris Faafoi announced the beginning of public consultation on a new regime to provide fairer outcomes for victims of Ponzi schemes.

    http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/fairer-deal-sought-for-defrauded-ponzi-scheme-investors/