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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.
FMA Director of Banking and Insurance Clare Bolingford spoke to this year’s Financial Services Council “Generations” conference about the insurance sector, our expectations and our future work in this area.
The FMA’s Director of Market Engagement John Botica and Principal Consultant Derek Grantham reflect on lessons learned from the first year of Financial Advice Provider (FAP) full licensing and share their view on what matters most in the months ahead.
A new regime of mandatory climate related disclosures for NZ financial entities is about to begin. FMA director of capital markets Sarah Vrede talks about how the new regime will be introduced and who needs to get ready.
Most investors are doing the right things – they’re diversifying their portfolios and they’re doing their research. However, some are jumping into investments because they have a fear of missing out and some are jumping in without fully understanding what it is they are committing to. Gillian Boyes, Manager Investor Capability for the FMA explains.
First Capital was the 100th applicant through the Financial Advice Provider (FAP) full licence door, and their Class 2 application was approved on September 10. Managing Director Hugh Percy talked to the FMA’s Anita Frazer about his experience of the journey.
One of the first big decisions you need to make is which type of FAP full licence is right for you, as this determines some of the things you need to think about now, and have in place, in support of your full licence application. This page talks about the options that are available to you.
This piece from the FMA aims to provide some ‘food for thought’ as firms start to develop or review their current customer vulnerability processes and procedures. It outlines the common themes that emerged during the FMA’s engagement with industry post-lockdown 2020.