The FMA welcomes today’s announcement by the Minister of Commerce and Consumer Affairs, Paul Goldsmith, about the review of legislation governing financial advisers.

The FMA is warning people to beware of a company offering a risk-free, high-return investment programme. The company trades as Eco Investments Group and the FMA warns anyone dealing with them to exercise extreme caution.

The FMA is holding 2 workshops in Auckland to discuss the concept of contingency DIMS, the rules and how the investment authority and rebalancing aspects work.

The FMA has reached a settlement with Westpac regarding the sale, promotion and marketing of interest rate swaps to some rural customers.

A new report released today by the FMA shows the proportion of companies filing their financial statements on time has improved significantly since the FMA’s initial review in 2014.

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