14 November 2016
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
There are 2.6m KiwiSaver members with combined funds of $34 billion - equivalent to 14% of New Zealand’s gross domestic product (GDP).
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.
Listen to Duncan Garner talk to the FMA’s Paul Gregory about our role as both 'guard dog’ and ‘guide dog'.
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.
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.