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Found 2682 results. Displaying page 135 of 179

  3. 18 May 2022

    Fund managers’ inconsistent performance measurement and cost of fees reduces benefits to investors

    The managers of New Zealand managed investment schemes (MIS or KiwiSaver/fund managers) are showing repeatable performance, relative to appropriate market indices. However, the benefits of their skill to investors in some funds is reduced by fees, and the costs of commission paid by managers to third parties.
    Tags
    Roles, Media release, Business, Managed investment schemes, News & Insights, Supervisor
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  4. 14 June 2022

    OnePath and Cigna admit to fair dealing breaches for credit card repayment insurance

    OnePath Life (NZ) Limited and Cigna Life Insurance New Zealand Limited will jointly pay $180,000 to the FMA after admitting liability for breaching the fair dealing provisions of the Financial Markets Conduct Act 2013 (FMCA).
    Tags
    Insurance Providers, Fair dealing, Media release, Business, News & Insights
    Type
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  5. 15 February 2023

    Her Money Matters - A kōrero on financial wellbeing

    The FMA hosted a panel event, Her Money Matters for women in celebration of International Women’s Day 2023. View the event details video from the event on this page. 
    Tags
    Events, Investing, Consumer, News & Insights
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    Page

  6. 20 January 2022

    Reserve Bank and FMA finalise FMI regulatory framework

    The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko have released their finalised framework for assessing the systemic importance of Financial Market Infrastructures (FMIs) following consultation with industry and stakeholders.
    Tags
    Financial market infrastructures, Regulation, Roles, Media release, Business, News & Insights
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    Page

  7. 17 November 2021

    FMA publishes implementation approach for climate-related disclosure regime

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published its implementation approach for the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill (CRD Bill).
    Tags
    Legislation, Climate related disclosure, Media release, Business, News & Insights
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    Page

  8. 23 September 2021

    Credit card repayment insurance a poor value product, customers urged to check policies

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging an estimated 200,000 New Zealanders who have credit card repayment insurance (CCRI) to check if they still need the product, after a review found it to be poor value.
    Tags
    Financial Adviser, Roles, Insurance, Media release, Business, Consumer, News & Insights
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  9. 7 July 2021

    FMA cancels Fund Managers Otago licence

    The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has cancelled the managed investment scheme manager licence of Fund Managers Otago (FMO).
    Tags
    Enforceable action, Roles, Media release, Business, Managed investment schemes, News & Insights, Enforcement
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    Page

  10. 21 October 2021

    New climate-related disclosure regime expands FMA’s responsibilities

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko acknowledges the passage of the third reading of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill.
    Tags
    Directors, Roles, Legislation, Climate related disclosure, Media release, Business, News & Insights
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    Page

  11. 4 October 2021

    DIY investors encouraged to ‘take a mo’ before giving in to FOMO

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko is urging DIY online investors to pause before succumbing to investment FOMO as part of World Investor Week (4-10 October).
    Tags
    Investing, Media release, Consumer, News & Insights
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  12. 6 May 2021

    New law reforms the regulation of financial market infrastructures (FMIs)

    New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. Under the Bill the Reserve Bank of New Zealand – Te Pūtea Matua (the Reserve Bank) and the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) will be joint regulators of most FMIs, including central securities depositories, securities settlement systems, central counterparties, and trade repositories. The Reserve Bank will be the sole regulator of payments systems under the new regime.
    Tags
    Regulation, Regulation updates, Media release, Business, FMA, News & Insights
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  13. 21 April 2021

    Advertising phenomenal investment returns for the last year could mislead investors, FMA says

    The Financial Markets Authority (FMA) is warning the funds management industry to avoid advertising large investment returns for the 12-month period to March 31, 2021, as this could mislead investors.
    Tags
    Media release, KiwiSaver providers, Managed funds, Roles, Ways to invest, Investing, Business, Consumer, Managed investment schemes, News & Insights
    Type
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  14. 22 July 2021

    General insurers ill-prepared for conduct licensing

    General insurers are not prepared for new legislation that will require them to establish systems and processes to ensure good conduct and fair treatment of customers, according to the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko.
    Tags
    Roles, Financial Advice Provider, Licensing & registration, Media release, Conduct, Insurance Providers, Business, News & Insights
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  15. 29 July 2021

    FMA releases cyber resilience info sheet for financial advice providers

    The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has today published an information sheet containing principles and resources to help licensed financial advice providers develop their cyber resilience.
    Tags
    Financial Advice Provider, Roles, Media release, Business, News & Insights
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