Media releases

Keep up to date with announcements, statements and media releases on the latest news.

For media enquiries please contact:

Andrew Park
Media Relations Manager
Phone: 09 967 1215
Mobile: 021 220 6770

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Found 281 results. Displaying page 1 of 15

  1. 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...

  2. 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,...

  3. 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. Contact: A...

  4. 5 July 2016

    Code Committee Members Reappointed

    Media releaseMR2016 – 1604 July 2016 The Financial Markets Authority has announced the reappointment of two members of the Code Committee. The Committee was established in July 2009 to draft a code of Professional Conduct for Authorised Financial Advisers (AFAs). David Ireland, Chair, and Gary Young have each agreed to extend their term for another year to 29 July 2017.  The Financial Advisers Act sets Committee membership at between seven and 11.  C...

  5. 29 June 2016

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

    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 premiums in the year to 30 June 2014, a si...

  6. 20 May 2016

    FMA orders Cambrian to change misleading materials

    Media releaseMR No. 2016 – 0920 May 2016 The Financial Markets Authority (FMA) has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Cambrian Corporation Limited (Cambrian) offers training and advice services relating to intra-day foreign exchange trading.  In the FMA’s view, Cambrian breached two provisions of the Financial Markets Conduct Act (FMC Act), a...