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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 444 results. Displaying page 9 of 23

    10 October 2016

    The FMA releases 2016 Annual Report

    Media release MR No.2016 – 29 10 October 2016 The Financial Markets Authority (FMA) 2016 annual report highlights the fact the FMA has now moved from transition mode to establishing itself as a fully-fledged conduct regulator. In addition to operating those parts of its regime already in place, the FMA has been busy this past year preparing for the final pieces of the Financial Markets Conduct (FMC) Act to come into effect in December.  Chairman Murr...


    5 October 2016

    FMA 2016 KiwiSaver report shows growth in members and funds slowing

    FMA reports on default provider member initiatives for first time Media releaseMR No. 2016 – 285 October 2016 Total money in KiwiSaver funds continues to grow, but at a much slower pace than the previous two years as both returns and numbers of new members decline. Investment returns in the year to 30 March 2016 were a smaller proportion of the overall growth, as markets fell back from earlier double digit performance. Total members in KiwiSaver have a...


    9 September 2016

    Two simple steps towards a better retirement

    Media ReleaseMR 2016 - 269 September 2016 New research has revealed many New Zealanders could be just two simple steps away from a better retirement. The Commission for Financial Capability and the Financial Markets Authority are urging people to give their KiwiSaver accounts a double shot of attention during Money Week so they don’t miss out. The organisations ran a joint snapshot survey asking how much KiwiSaver members knew about the fees they were...


    30 August 2016

    European recognition of FMA oversight of auditors

    Media ReleaseMR 2016 - 2530 August 2016 The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union.  With this announcement, the Commission has concluded that the New Zealand systems of public oversight, quality assurance, investigation and penalties for auditors and audit firms are equivalent of that of the Member States...


    4 August 2016

    Work to do on corporate governance disclosure, FMA finds

    Media ReleaseMR No. 2016 – 234 August 2016 New Zealand listed companies publicly disclose about two-thirds of the corporate governance information that the FMA believes would be useful to investors. However, on average, unlisted companies provided only 24% of the recommended governance information. The FMA has completed a review of corporate governance disclosures by 45 companies, listed and unlisted. Good corporate governance is one of the FMA’s str...


    14 July 2016

    FMCA licensing hits the home straight

    Media ReleaseMR No.2016 - 2014 July 2016 The deadline is looming for fund managers to get licensed under the Financial Markets Conduct Act (FMCA) and the Financial Markets Authority is putting out the final call to those that want to stay in the game. Under the FMCA, fund managers, discretionary investment management service providers and derivatives issuers must meet new governance and capability standards before 1 December 2016. Most firms have now com...


    6 July 2016

    KiwiSaver annual statements are being read but not acted upon

    Media releaseMR No.2016 – 176 July 2016 Most KiwiSaver members are reading their annual statements but only a quarter of them check to see if they’re on track to meet their retirement income goals. The Financial Markets Authority has today released the results of a survey conducted in May this year, to coincide with the time when most KiwiSaver investors are receiving their annual statements. The survey was responded to by 1,313 KiwiSaver investors,...


    6 July 2016

    FMA and SFO investigate Mr Paul Clifford Hibbs and Hansa Limited

    Media releaseMR No. 2016 – 186 July 2016 The Financial Markets Authority (FMA) and the Serious Fraud Office are investigating Mr Paul Clifford Hibbs and Hansa Limited (Hansa). Anyone who has been in contact with Mr Hibbs or Hansa in relation to the offer of financial advice, investment services, or any other form of financial product or service, is encouraged to contact the FMA on 0800 434 566, or log a complaint through the FMA’s website....


    29 June 2016

    FMA releases report into insurance sales and advice: Insurance replacement business - who benefits?

    Media releaseMR No.2016 – 1529 June 2016 The Financial Markets Authority is calling for cooperation from the life insurance industry and financial advisers to address the potential harms to consumers from the relatively high levels of switching of existing insurance policies. The FMA today released its first report into sales practices within the life insurance industry. The report shows that of the $1.7bn New Zealanders spent on annual life insurance...


    23 June 2016

    FMA reports on NZX’s regulatory framework

    Media releaseMR No.2016 – 1423 June 2016 The Financial Markets Authority has released its latest annual review of NZX and reports that it is meeting its statutory obligations as a market operator and frontline regulator of those markets. NZX has an important role in helping to achieve fair, orderly and transparent New Zealand financial markets which inspire confident, informed participation from New Zealand investors.  Garth Stanish, Director Capital...


    3 June 2016

    Investigation into Morgan Cooper Limited

    Media releaseMR No. 2016 – 1103 June 2016 The Financial Markets Authority (FMA) is investigating a complaint received in relation to Morgan Cooper Limited (MCL) and a Mr Rodney McCall (aka Rodney Crichton) for potential contraventions of financial markets legislation. MCL purports to offer foreign exchange currency programmes, and operates the website <http://www.morgancooperltd.co.nz/>. Anyone who has been in contact with MCL or Mr McCall in re...


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