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Media releases

Keep up to date with announcements, statements and media releases on the latest news. To subscribe to our alerts and updates click here.

For media enquiries please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770
Email: Andrew.Park@fma.govt.nz
Edwin Mitson
Senior Adviser, Media Relations
Phone: 04 471 7655
Mobile: 021 702 036
Email: Edwin.Mitson@fma.govt.nz

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Found 438 results. Displaying page 6 of 22

    31 July 2017

    Judgment confirmed in the FMA v Warminger as appeals withdrawn

    Media release MR No. 2017 – 3431 July 2017  Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. The judgment from March 2017 and penalty decision from June 2017 stand and this brings these civil proceedings to a close. In the High Court Venning J found that, in relation to two of the causes of action, Mr Warminger had committe...

    https://www.fma.govt.nz/news-and-resources/media-releases/judgment-confirmed-in-the-fma-v-warminger-as-defence-withdraws-appealnew-registry-item/

    21 July 2017

    Consumers tell FMA about financial providers’ conduct

    Media release MR No. 2017 – 3321 July 2017 Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. The FMA has completed its first survey of consumers’ experience of conduct. It follows the publication of the FMA’s guide to its view of conduct earlier this year. This focused on the ‘five Cs for good conduct’: capability, conflict, cul...

    https://www.fma.govt.nz/news-and-resources/media-releases/consumers-tell-fma-about-financial-providers-conduct/

    19 July 2017

    FMA confirms KiwiSaver fees methodology

    Media release MR No. 2017 – 3219 July 2017 The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged at the fund level to investors using one...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-confirms-kiwisaver-fees-methodology/

    22 June 2017

    FADC decision on a financial adviser

    Media Release22 June 2017 The Financial Advisers Disciplinary Committee (FADC) has released its decision into FMA’s complaint against an authorised financial adviser. The FADC has granted name suppression for the time being, until a decision has been made on disposition. A copy of the decision can be found here. Share this Share on Facebook Tweet this...

    https://www.fma.govt.nz/news-and-resources/media-releases/fadc-decision-on-a-financial-adviser/

    21 June 2017

    FMA seeks feedback on robo-advice exemption

    Media release MR No. 2017 - 2821 June 2017 The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament. The current law, passed in 2008, did not contemplate digital advice, meaning that personalised advice, or advice that takes into account an individual's financial situ...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-seeks-feedback-on-robo-advice-exemption/

    8 June 2017

    FMA announces methodology for KiwiSaver fee disclosure

    Media release MR No. 2017 –238 June 2017 The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers to understand the requirements of those regulations. The FMA today announced its decision on the methodology for calculating the fees charged to members by dolla...

    https://www.fma.govt.nz/news-and-resources/media-releases/fma-announces-methodology-for-kiwisaver-fee-disclosure/