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What's new

What's new

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    It’s okay to hang up

    It’s okay to hang up

    14 November 2016

    It’s illegal to sell financial products through a cold call in New Zealand, so if you get a call, it’s a scam.

    We’ve seen an increase in cold call ‘boiler room’ investment scams affecting New Zealanders over recent months; in fact we’ve just issued two new warnings about specific companies targeting Kiwi investors.

    Watch the video above to hear John’s story – John lost $US40,000 in a cold call boiler room scam. You can also read his story here.

     

    13-19 November is Fraud Awareness Week

  • KiwiSaver report

    KiwiSaver Annual Report 2016

    What do the annual statistics tell us about KiwiSaver?

    There are 2.6m KiwiSaver members with combined funds of $34 billion - equivalent to 14% of New Zealand’s gross domestic product (GDP).

    • Investment returns were lower in 2016
    • More people are transferring to a new KiwiSaver provider than joining for the first time
    • People who default into KiwiSaver tend to stay in the default fund
    • Over 1.1 million Kiwis haven’t contributed in the last two months

    Read more

  • About KiwiSaver fees

    About KiwiSaver fees

    Who's taking $40,000 out of your KiwiSaver – and what for?

    The level of fees charged and level of investment return make a big difference to the size of your KiwiSaver nest-egg. We’re on a mission to make sure investors understand that impact and can make well-informed choices.

    See our NZ Herald story and video
    Listen to Duncan Garner talk to the FMA’s Paul Gregory about KiwiSaver fees

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    Why licensing is good for you

    Why licensing is good for you


     

    If your financial service provider has recently sent you information to say they’re licensed, this means they’re now operating under rules that reflect the biggest change in financial services in 30 years. 

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    What does the FMA do?

    Guard dog and guide dog


    Watchdog or guidedog?

    What does the FMA do?

    Listen to Duncan Garner talk to the FMA’s Paul Gregory about our role as both 'guard dog’ and ‘guide dog'.

     

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    Investment scams

    Investment scams – are you a target?


    10 August 2016

    Investment scams are becoming more sophisticated. Fraudsters are smart, friendly, charming and persuasive. Websites look professional and you may even be given an online account showing details of ‘trades’ you’ve made. It can be hard to tell a scam apart from a genuine investment, which is why it’s even more important you know what to look out for.

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    KiwiSaver update

    KiwiSaver update 


    Kiwis read annual statements but fail to follow up

    6 July 2016

    Kiwisaver survey reveals that less than a quarter of New Zealanders read their Kiwisaver statement. 

    Listen to Duncan Garner talk with the FMA’s Paul Gregory about why it is so important to understand your KiwiSaver statement.

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    Life insurance

    Life insurance - who benefits?


    29 June 2016

    In June 2016 we published a report on how financial advisers sell replacement life insurance in New Zealand. 

    Listen to Duncan Garner talk with the FMA’s Paul Gregory about the things to think about when buying life insurance.