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The Financial Markets Authority’s (FMA) latest report into KiwiSaver activity shows funds flowing into KiwiSaver at an all-time high during the 12 months to 31 March 2015. Investment returns were the biggest component of positive fund flows while the level of withdrawals also increased to the largest level since KiwiSaver began.
The Financial Markets Authority (FMA) chief executive Rob Everett has told a trans-Tasman audience that it will be four to five years before New Zealand sees the full economic and business benefits of the new financial services regulatory regime.
Former company director and financial adviser, Andrew Hrothgar Robinson, has today pleaded guilty to charges brought by FMA, relating to his involvement as director of Strategic Planning Group Limited (SPG) and SPG Investment Company No.1 Limited (SPGI).
A former director of OPI Pacific Finance, David Mark Anderson, has been sentenced in the Auckland High Court for misleading investors. Read more.
A former director of OPI Pacific Finance Limited, Craig Robert White, has been sentenced in the Auckland High Court. Read more.
Two former directors of OPI Pacific Finance Limited, Mark Lawrence Lacy and Jason Robert Duncan Maywald, have been sentenced in the Auckland High Court. Read more.
A former director of OPI Pacific Finance, Craig Robert White, has pleaded guilty to misleading investors in a prosecution taken by the FMA. Read more.
The full range and depth of economic and business benefits would come following a sustained period of adaptation by the FMA, firms, professionals, and investors, lasting up to five years.
A survey of New Zealanders approaching retirement has found one in four people are unsure of how to manage the money in their KiwiSaver funds when they reach 65.
The Financial Markets Authority (FMA) has published its enforcement and investigations report for the year ending 30 June 2015.
The FMA has launched its plans for Money Week 2015. This year the FMA wants people to complete an online health check of their KiwiSaver by answering five simple questions to make sure they are tuned in to their KiwiSaver investment.
Two former directors of OPI Pacific Finance, Mark Lawrence Lacy and Jason Robert Duncan Maywald, have pleaded guilty to two charges under the Securities Act 1978 in a prosecution commenced by the FMA in 2013. Read more.
FMA has obtained interim asset preservation orders over the assets of PTT Limited, Steven Robertson and associated entities, from the High Court in Auckland. Read more.
A new study shows that almost half of people over 50 years old have yet to figure out how they will reach their retirement goals. While four in ten people who have already retired, did so without a financial plan for their retirement.
The Financial Market’s Authority (FMA) has announced that Belinda Moffat has decided to leave the FMA after three and a half years leading the FMA’s enforcement team.