News

Financial Markets Authority publishes first Conduct Outcomes Report

22 February 2017

The FMA's Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. More>

FAA gone as FMC to assume most advice-ruling powers

20 February 2017

InvestmentNewsNZ: The move to entity licensing will see most financial adviser regulation devolved to the Financial Markets Conduct Act (FMC) under draft reforms released last week. More>

MJW compiles insurance industry financial statements

20 February 2017

MJW has compiled a library of all the financial statements for every insurer licensed to operate in New Zealand.  More>

NZX open to third-party distribution deals to fuel KiwiSaver, ETF growth

20 February 2017

InvestmentNewsNZ: The NZX would consider partnering with other entities – including advisory groups – to market its SuperLife KiwiSaver scheme, according to the group’s interim chief, Mark Peterson.  More>

Russell exits Australasian actuarial practice with Willis deal

20 February 2017

InvestmentNewsNZ: Russell Investments in Australia is exiting the actuarial part of the industry, announcing last week that it has sold its Australian and New Zealand actuarial practice to Willis Towers Watson. The deal involves the transfer of 22 actuarial staff. More>

Financial Services Legislation Amendment Bill does away with agents

20 February 2017

Goodreturns: New rules governing financial advice have done away with a proposed "agent" category, but many people are unimpressed. More>

Treasury releases briefing papers to incoming Ministers

20 February 2017

Treasury: The Treasury has released its briefing to the incoming Minister of Finance together with related briefing documents for incoming Ministers. More>

Insurers ponder cover for retirees

17 February 2017

Goodreturns: Insurers are wrestling with how to offer insurance to New Zealanders holding larger amounts of debt later in life, says the Commission for Financial Literacy. More>

Can NZ’s Super Stay Super?

17 February 2017

Institutional Investor: New Zealand’s global, top-performing pension fund hits rising rates and volatile stock markets. The fund’s managers — the Guardians — counsel patience. More>

Sovereign-bond issuers shrug off downgrades

17 February 2017

The Economist: ONCE upon a time, countries jealously guarded their credit ratings. Before the 2010 British election, George Osborne, soon to be the chancellor of the exchequer, emphasised the importance of cutting the budget deficit in order to maintain the country’s top AAA rating. More>