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Financial Markets Authority - Latest News [Page 14]
Thousands Of Young New Zealanders Missing Out On Investment Returns
Tuesday, 25 May 2021, 10:29 am | Financial Markets Authority
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - is urging young New Zealanders to check they’re in the right KiwiSaver fund. The call follows data indicating over 12,000 KiwiSaver members aged 26-35 years old are sitting in lower ... More >>
New Default KiwiSaver Settings Designed To Benefit Members
Friday, 14 May 2021, 10:51 am | Financial Markets Authority
The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) notes the Government’s announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members. Finance ... More >>
Supreme Court Rejects Sentence Appeal By PTT’s Steven Robertson
Tuesday, 11 May 2021, 11:30 am | Financial Markets Authority
The Financial Markets Authority - Te Mana Tātai Hokohoko (FMA) has welcomed the Supreme Court’s decision to dismiss a sentence appeal by Steven Robertson of PTT Limited, bringing the matter to a close. Mr Robertson defrauded 22 victims of approximately ... More >>
CLSAP (formerly KVB Kunlun) Admits To Anti-money Laundering Breaches
Thursday, 6 May 2021, 9:25 am | Financial Markets Authority
CLSA Premium New Zealand Limited (CLSAP NZ) has admitted to breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, following proceedings brought by the Financial Markets Authority – Te Mana Tātai Hokohoko (FMA). The ... More >>
Advertising Phenomenal Investment Returns For The Last Year Could Mislead Investors, FMA Says
Wednesday, 21 April 2021, 9:15 am | Financial Markets Authority
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. The period includes none of the severe February ... More >>
FMA Expects KiwiSaver Managers To Follow Four Key Principles To Show Value For Money
Wednesday, 14 April 2021, 1:50 pm | Financial Markets Authority
Fund managers are expected to annually review their fees and value for money with their supervisors and prove to the Financial Markets Authority (FMA) the review has happened, as a result of final guidance on fund manager fees and value for money ... More >>
FMA Board Announces Chief Executive Will Leave At End Of 2021
Tuesday, 16 March 2021, 10:44 am | Financial Markets Authority
The Financial Markets Authority (FMA) Board today announced that Chief Executive Rob Everett had resigned and would leave the organisation towards the end of the year. FMA Chair Mark Todd said Mr Everett has done an outstanding job as the FMA’s ... More >>
FMA Monitoring Shows Steady Improvement In Quality Of Listed Company Audits
Friday, 13 November 2020, 9:59 am | Financial Markets Authority
The Financial Markets Authority (FMA) today released its Audit Quality Monitoring Report for 2020 . The annual review, part of a three-year monitoring cycle of all licensed auditors, scrutinises selected audit files for listed companies and other ... More >>
FMA Releases Standard Conditions For Licensing Of Financial Advice
Friday, 6 November 2020, 9:41 am | Financial Markets Authority
The Financial Markets Authority (FMA) has released the final standard conditions for a full Financial Advice Provider licence and confirmed three classes of financial advice service, following an extensive consultation with the industry. Seven standard ... More >>
World Investor Week Focus On Beginners After Steep Rise In Direct Investment
Monday, 5 October 2020, 12:27 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is using World Investor Week this year to remind thousands of new Kiwi investors to do their homework and understand the risks of investing in financial markets. Globally, there has been huge growth in the number ... More >>
Contributions Help KiwiSaver Continue To Grow Through COVID-19
Thursday, 1 October 2020, 6:02 pm | Financial Markets Authority
KiwiSaver has continued to grow despite market volatility and economic uncertainty caused by COVID-19 , according to the Financial Markets Authority’s (FMA) KiwiSaver Annual Report for the year ended March 2020. Total funds under management increased ... More >>
FMA Reports On Monitoring Of Financial Services Firms And Advisers
Thursday, 24 September 2020, 8:56 am | Financial Markets Authority
A Financial Markets Authority (FMA) report on its supervision activities over the past 18 months says large parts of the financial services sector are working hard to meet the FMA’s expectations, but called for further and more widespread improvements ... More >>
FMA Prevents CLSA Premium NZ Ltd (formerly KVB Kunlun) From Offering Derivatives To Retail Investors
Tuesday, 22 September 2020, 1:05 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has imposed conditions on the derivatives issuer licence of CLSA Premium New Zealand Limited (CLSAP NZ) that prevent the firm from making an offer to, or receiving further funds from, retail investors in relation ... More >>
Pegasus Markets And Director Found Guilty Of Abusing FSPR
Friday, 11 September 2020, 1:16 pm | Financial Markets Authority
Pegasus Markets Ltd and its New Zealand-based director, Michael Reps, have been found guilty of all criminal charges brought by the Financial Markets Authority (FMA) for breaches to the Financial Service Providers (Registration and Dispute Resolution) ... More >>
FMA Files Criminal Charges In Relation To Forestlands
Wednesday, 9 September 2020, 3:04 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has filed criminal charges against an individual in relation to the Forestlands group of companies, for alleged disclosure and financial record keeping breaches. The FMA claims relate to: · omissions of security arrangements ... More >>
Scam Targets China-NZ Money Transfers During COVID-19
Tuesday, 8 September 2020, 12:17 pm | Financial Markets Authority
The Financial Markets Authority (FMA) is warning people to be wary of scammers attempting to impersonate the FMA as part of a money transfer scam. On 5 August, the FMA was contacted by a woman who had tried to transfer a significant amount of money from ... More >>
Bonds: The Overlooked Asset Many New Zealanders Don’t Invest In
Wednesday, 2 September 2020, 10:35 am | Financial Markets Authority
FMA releases investor guide to bonds as market volatility continues The Financial Markets Authority (FMA) has published a new investor guide to bonds , designed to help novice investors find out more about an asset class that only 6% of Kiwis invest ... More >>
FMA Appoints New Director Of Investment Management
Thursday, 27 August 2020, 9:04 am | Financial Markets Authority
The Financial Markets Authority (FMA) has strengthened its executive team, appointing Paul Gregory to the newly created role of Director of Investment Management. Mr Gregory will re-join the FMA from PIE Funds, where he is currently Chief Operating Officer. ... More >>
FMA Releases Report Into Active And Passive Fund Management
Monday, 24 August 2020, 9:53 am | Financial Markets Authority
The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More >>
Free Financial Advice As Kiwis Take Greater Interest In Finances
Friday, 7 August 2020, 12:40 pm | Financial Markets Authority
The Financial Markets Authority (FMA) has partnered with Financial Advice New Zealand to make free and generic financial advice available in Hamilton, as New Zealanders take a greater interest in their finances and investments due to the impact of COVID-19. ... More >>
