When an investment earns interest, this may be added to the overall sum, resulting in compound interest – essentially earning interest on interest. Read about the compounding effect, and how powerful it can be over the long term.
“5 minutes with the FMA” is a podcast for financial service providers in New Zealand, by the Financial Markets Authority – Te Mana Tātai Hokohoko.
In its first episode, FMA Director of Supervision James Greig discusses the regulator’s new “Cyber Security & Operational Systems Resilience” information sheet, which aims to help financial service providers bolster their cyber defences and guide them if dealing with a cyber attack.
This month's FMA Investor Profile features Te Kahukura Boynton, (Te Whakatōhea, Ngāti Kahungunu, Ngāi Tūhoe) an 18-year- old Waikato law student on a mission to empower Māori to become financially independent through her investing and self-development platform ‘Māori Millionaire’.
In May 2021, the Finance Minister and Minister of Finance and the Minister of Commerce and Consumer Affairs announced the 6 KiwiSaver providers who will offer default fund services from 1 December 2021.
Andrea Reid of Aliya Insurance Brokers shares how applying for a Financial Advice Provider (FAP) licence has helped her build a better business one step at a time. The qualities of strength, trust, family, and wisdom are at the core of Aliya Insurance Broker’s Waikato-based business – and reflected in their approach to full licensing too.
In this article, FMA Director of Banking and Insurance at Financial Markets Authority Clare Bolingford describes how the regulatory lens is changing to look at how fair and equitable outcomes are for customers
This month's FMA Investor Profile features Bradie Claydon, a wife and mum of three who is a Registered Legal Executive by day and runs the social media platform Kiwi Girl on a Budget in her spare time.
September 30 2022 is the target date for all Class 1 or Class 2 financial advice providers to apply for their full license. FMA talks about progress and support available in the run down to the target date.