Media releases – 51

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1. 15 November 2018

   Incentives for bank staff too highly focused on sales - November 2018

   The Financial Markets Authority (FMA) published Bank Incentive Structures, its thematic review of how banks in New Zealand incentivise their staff. The report sits alongside the recently published joint FMA/Reserve Bank of New Zealand Conduct and Culture review of New Zealand’s banks.
2. 14 November 2018

   Supporting family and friends who have been scammed

   The FMA advises the best way to support a family member or friend who has been scammed.
3. 12 November 2018

   CBL Investigation update

   FMA continues to liaise with the Reserve Bank of New Zealand and Serious Fraud Office, the voluntary administrator of CBL, the liquidator of CBL insurance as well as overseas regulators.
4. 5 November 2018

   FMA and RBNZ report on bank conduct and culture

   FMA and RBNZ have completed their joint review into the conduct and culture of 11 New Zealand banks. The review is the first of its kind in New Zealand.
5. 29 October 2018

   Exemption passed to enable disclosure documents in English and te reo Maori

   FMA has granted a class exemption to enable companies who offer investments to publish product disclosure statements (PDS) in both te reo Māori and English (dual-language PDS).
6. 25 October 2018

   FMA publishes annual report 2018

   FMA annual report for the financial year ending June 30 2018. The report highlights a number of key activities that took place in the year, including the launch of the joint FMA/RBNZ Culture and Conduct review of banks and life insurers.
7. 12 October 2018

   FMA update on Forestlands

   The FMA has decided not to seek costs arising from its application to put the Forestlands companies 2-12 and 14-20 into liquidation.
8. 9 October 2018

   KiwiSaver nears $50 billion in 2018

   KiwiSaver continues to grow steadily according to the FMA’s 2018 KiwiSaver report.
9. 4 October 2018

   FMA issues infringement notice to Pacific Eagle Capital

   The Financial Markets Authority (FMA) has issued an infringement notice to Pacific Eagle Capital (PEC) for failing to file financial statements by its due date.
10. 1 October 2018

    World Investor Week encourages investors to take the plunge

    FMA has launched a new campaign for World Investor Week to help New Zealanders become more confident investors by addressing some of the uncertainties around investing.
11. 26 September 2018

    FADC decisions published

    The Financial Advisers Disciplinary Committee (FADC) has released its decision in two cases brought by the FMA.
12. 6 September 2018

    Preparing for investment storms

    As part of the Sorted Money Week 2018 ‘Weathering the storm’ the Financial Markets Authority (FMA) is focussing on helping younger KiwiSaver members prepare for when investment markets fall in value.
13. 6 September 2018

    Forestlands companies placed in liquidation by High Court

    The High Court in Nelson has placed Forestlands companies 2-12 and 14-20 into liquidation. Read more.
14. 29 August 2018

    Helping KiwiSaver members weather investment storms

    In preparation for Sorted Money Week 2018 the Financial Markets Authority (FMA) is launching an online quiz to help younger KiwiSaver members understand how to react when investments rise and fall in stormy markets.
15. 16 August 2018

    KiwiSaver members say dollar fee information is useful

    KiwiSaver members say dollar fee information is useful. The vast majority (86%) of KiwiSaver members who saw their fees in dollar amounts in their annual statements this year rated the information as “quite or very useful”, an FMA survey has found.