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KiwiSaver annual statements will soon show projected balances at retirement and income figures to help consumers make better decisions about their savings. Commerce and Consumer Affairs Minister Kris Faafoi is seeking feedback from KiwiSaver providers on the introduction of the new information.
Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister Kris Faafoi have met with the Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) to discuss their previously announced review of the conduct and operations of the financial sector.
Next step taken to improve consumer protections in insurance contract law. Commerce and Consumer Affairs Minister Kris Faafoi today announced the start of public consultation on New Zealand’s insurance contract law.
Commerce and Consumer Affairs Minister Kris Faafoi today announced the appointment of Professor Prasanna Gai to the Financial Markets Authority Board. Current board member Campbell Stuart has been reappointed for one year.
Commerce and Consumer Affairs Minister Kris Faafoi is encouraging public feedback on proposed regulations that will make it easier for consumers to understand the whole picture when receiving financial advice.
KiwiSaver providers disclosing in dollars the total fees charged to their investors is a step forward for Kiwis towards achieving the best retirement savings, Minister for Commerce and Consumer Affairs Kris Faafoi says.
Commerce and Consumer Affairs Minister Kris Faafoi says the first reading of the Financial Services Legislation Amendment Bill in Parliament today is the first step in a significant package of changes to ensure all Kiwis can get good quality financial advice based on their individual needs.