Media releases

Found 468 results. Displaying page 1 of 24

1. 10 October 2019

   KiwiSaver providers respond on member engagement but little movement on fees

   The Financial Market Authority (FMA) has published its annual KiwiSaver report for the year to the end of March 2019, showing a welcome increase in default member engagement, but few signs of a reduction in fees.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/kiwisaver-report-2019/

2. 2 October 2019

   FMA bolsters senior leadership team

   The Financial Markets Authority (FMA) announced two senior appointments to its executive team, reporting directly to Chief Executive Rob Everett.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-bolsters-senior-leadership-team/

3. 30 September 2019

   FMA launches managed funds guide for World Investor Week

   The FMA has published a new guide to managed funds following research suggesting more New Zealanders are considering alternative investments because of low interest rates.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-launches-managed-funds-guide-for-world-investor-week/

4. 26 September 2019

   FMA seeking feedback on responsible investment products

   The Financial Markets Authority is seeking views on how green bonds and other responsible investment products should be described, labelled and promoted to investors.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-seeking-feedback-on-responsible-investment-products/

5. 25 September 2019

   FMA welcomes Government announcement on expanded remit

   The FMA (Financial Markets Authority) welcomed the Government’s announcement that it would introduce legislation to create an oversight regime for regulating conduct in the banking and insurance sectors.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-welcomes-government-announcement-on-expanded-remit/

6. 17 September 2019

   FMA and RBNZ disappointed with insurers’ response to conduct and culture review

   The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) released their findings on life insurers’ responses to the joint Conduct and Culture Review.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/insurers-responses/

7. 11 September 2019

   Ngā mea waiwai o te tūranga whakataka - IoD and FMA release te reo Māori directors’ guide

   The Financial Markets Authority (FMA) and Institute of Directors (IoD) have released a te reo Māori translation of The Essentials of Being a Director, coinciding with Māori Language Week.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/te-reo-maori-directors-guide/

8. 9 September 2019

   Opportunity for all Kiwis in Capital Markets 2029 report

   NZX and the Financial Markets Authority (FMA) today welcomed the release of the Capital Markets 2029 report, saying the 10-year vision and growth agenda would create more opportunities for Kiwis to grow personal wealth, help New Zealand businesses to prosper, and help future-proof the country’s economy.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/capital-markets-2029/

9. 4 September 2019

   FMA cancels Barry Kloogh’s financial adviser authorisation

   The Financial Markets Authority (FMA) has cancelled the authorisation of Dunedin-based Mr Barry Edward Kloogh to act as a financial adviser, as a result of concerns regarding compliance with his broker obligations under the Financial Advisers Act 2008.

   https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-cancels-barry-klooghs-financial-adviser-authorisation/

10. 28 August 2019

    Former Promisia chairman admits insider trading breaches

    Eoin Malcolm Miller Johnson, a former director and chairman of NZX-listed Promisia Integrative Limited (PIL), has admitted to insider trading conduct and breaching a director’s disclosure obligations. He will pay $75,000, in lieu of a penalty, to the Financial Markets Authority (FMA).

    https://fma.cwp.govt.nz/news-and-resources/media-releases/former-promisia-chairman/

11. 27 August 2019

    Bay of Plenty women urged to take financial investing power into their own hands

    There is a large investing gap in New Zealand between men and women. As Mary Holm, one of New Zealand’s most trusted money experts says, “In many ways women are better investors than men. So how come we often end up with lower savings?”

    https://fma.cwp.govt.nz/news-and-resources/media-releases/bay-of-plenty-women/

12. 22 August 2019

    FMA finding on ANZ related party transaction

    The FMA said it has completed its inquiry into disclosure by ANZ of the sale of the property at 269 St Heliers Bay Road by Arawata Assets Limited to Deborah Veronica Walsh (the wife of former CEO, David Hisco) and has determined that ANZ New Zealand Group should have disclosed this as a related party transaction in its 2017 financial statements.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-finding-on-anz-related-party-transaction/

13. 21 August 2019

    FMA reiterates warning about potential Skyway Capital/SWIG scam

    The Financial Markets Authority (FMA) is reiterating its warning that Skyway Capital may be involved in a scam, after learning the business is continuing to conduct seminars throughout the North Island.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-reiterates-warning-about-potential-skyway-capitalswig-scam/

14. 19 August 2019

    Steven Robertson convicted on 38 charges relating to PTT Limited and associated entities

    The Financial Markets Authority (FMA) has welcomed the Auckland High Court convicting Steven Robertson of 38 charges relating to PTT Limited and associated entities.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/steven-robertson-convicted/

15. 16 August 2019

    FMA Statement on Court of Appeal judgment in Viaduct Capital and Mutual Finance

    The FMA notes the judgment from the Court of Appeal, setting aside of some of the convictions, and the associated reduction of a sentence, in relation to Mr Paul Bublitz and Mr Bruce McKay.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/judgment-viaduct-capital-and-mutual-finance/

16. 14 August 2019

    New vision for Council of Financial Regulators

    The Council of Financial Regulators (CoFR) has announced a new vision for New Zealand’s economic wellbeing and has welcomed the addition of the Commerce Commission to the forum.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/cofr-new-vision/

17. 9 August 2019

    21 charges filed by FMA against man who convinced members of the public to ‘invest’ with him

    The Financial Markets Authority has charged a man who convinced members of the public to ‘invest’ with him with offences under the Crimes Act and the FMA Act at the Manukau District Court.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/21-charges-filed/

18. 6 August 2019

    Westpac refunding $7 million to affected customers for incorrect fees

    The Financial Markets Authority (FMA) and Commerce Commission have formally agreed with Westpac the steps the bank must take to refund fees to some 93,000 customers being overcharged $7 million.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/westpac-refunding-7-mil/

19. 1 August 2019

    FMA suspends AxiCorp derivatives licence

    The Financial Markets Authority (FMA) has suspended the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader) for material breaches of the Financial Markets Conduct Act 2013. Read more.

    https://fma.cwp.govt.nz/news-and-resources/media-releases/fma-suspends-axicorp-derivatives-licence/

20. 26 July 2019

    New Zealand launches ‘investment passport’

    Kiwi investors and managed funds will now be able to do business more easily with Australia, Japan and Thailand, after New Zealand’s implementation of the Asia Region Funds Passport (ARFP).

    https://fma.cwp.govt.nz/news-and-resources/media-releases/new-zealand-launches-investment-passport/