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  1. 11 March 2021

    ANZ ordered to pay $280,000 penalty for misleading representations over credit card insurance charges

    The Auckland High Court has ordered ANZ New Zealand (ANZ) to pay a $280,000 civil penalty for breaching the Financial Markets Conduct Act 2013 (FMCA) by making misleading representations in the supply of credit card repayment insurance (CCRI) to 307 of its customers.
    Tags
    Cases, Fair dealing, FMC Act, Legislation, Media release, Business, News & Insights, Enforcement
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  2. 16 December 2020

    FMA publishes 2020 annual report

    The Financial Markets Authority (FMA) has today published its annual report for year to June 2020.
    Tags
    COVID-19, FMA stories, Governance, New Financial Advice regime, Media release, Business, FMA, News & Insights
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  3. 20 February 2020

    FMA Debate discusses whether passive or active management is best

    Leaders from New Zealand’s investment industry gathered in Auckland last night (19 Feb 2020) to debate whether investors benefit more from passive or active fund management, a topic that is dividing the sector.
    Tags
    Media release, Managed funds, Campaigns, Ways to invest, Investing, Consumer, News & Insights
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  8. 7 November 2019

    FMA apologises for privacy breach

    The FMA today apologised for a privacy breach that meant complaints documents sent to the regulator between 2015 and 2017 were potentially accessible via internet searches.
    Tags
    Media release, FMA, News & Insights
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  9. 29 November 2019

    Council of Financial Regulators sets work priorities for 2020

    The Council of Financial Regulators (CoFR) has announced its work priorities for the coming year.
    The work programme includes seven separate work streams, each led by one of the CoFR agencies, but involving all the members (alongside other government agencies as necessary) in a coordinated effort to tackle issues that reach across the financial system.
    Tags
    Media release, Governance, FMA, News & Insights
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  11. 10 June 2019

    Kiwis take longer to choose a movie than check KiwiSaver

    A recent survey of 1100 New Zealanders for the Financial Markets Authority (FMA) found four out of five people took up to 10 minutes to choose a movie, but just over half of those questioned spent the same time reading their KiwiSaver annual statement. Read more.
    Tags
    Media release, KiwiSaver & Superannuation, Consumer, News & Insights
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  14. 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.
    Tags
    Media release, KiwiSaver providers, Roles, Business, Consumer, Managed investment schemes, News & Insights
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  15. 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.
    Tags
    Governance, Media release, FMA, News & Insights
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