Liam Mason
Online scams up 79% - and just the "tip of the iceberg"
The Financial Markets Authority is warning of a steep rise in New Zealanders falling for investment scams with the number of complaints up 79 per cent in the first half of the year, compared to the… Audio
Proliferation in online financial and cryptocurrency scams
The Financial Markets Authority says it has issued 30 per cent more warnings in relation to scams so far this year, compared to last year. The FMA already issued 19 alerts this year, in an effort to… Audio
Business News for 18 February 2021
News from the business sector, including a market report. Audio
KiwiSaver annual statements to include projections
KiwiSaver annual statements will be arriving in the mail for members - but they'll contain a little more information this year. Audio
Should retirement nesteggs be easier to acess in hardship?
A growing number of savers are asking for access to their kiwisaver funds, under hardship provisions, but it is not a simple process.The Kiwisaver member must go through their provider, producing… Audio
Business News for 10 October 2019
News from the business sector, including a market report. Audio
Early Business News for 10 October 2019
A brief update of movements in the financial sector. Audio
Bang for buck? The FMA on Kiwisaver
The Financial Markets Authority's annual report into Kiwisaver is out, revealing more than 32-thousand New Zealanders withdrew nearly a billion dollars, between them, in the year to March, to help buy… Audio
Calls for more regulation to clean up Kiwisaver
Should KiwiSaver providers be subject to external auditing following concerns over grossly inflated claims about their ability to make people money? Kathryn Ryan talks to Sam Stubbs, from low cost… Audio
More 'work to do' on Kiwisaver fee transparency - regulator
Only half of KiwiSavers are noticing their providers are simplifying their annual statements. Audio
NZ banks conduct 'patchy' so far, regulator says
The Financial Markets Authority has found the conduct and culture of New Zealand's banks to be 'patchy'. Audio
'Relief' as ANZ bank scraps sales targets
An ANZ worker says there was enormous relief yesterday when the bank announced an end to front-line sales targets. The union for many banking workers says the move could mark the beginning of the end… Audio
Financial advisers' knuckles rapped over shoddy practices
A financial watchdog has fired warning shots at insurance advisers after a review found half weren't meeting their client obligations . Audio
FMA - KiwiSavers to be more price sensitive in choosing funds
The Financial Markets Authority wants KiwiSavers to be more price-sensitive when deciding how to save for their retirement. Audio
FMA has more moves to lift KiwiSaver involvement
The Financial Markets Authority says it has other plans to help KiwiSaver members get more involved in the management of their savings. Audio
Are you paying too much in KiwiSaver fees?
What are the range of fees charged by KiwiSaver providers and what recourse does a consumer have if unhappy? Kathryn Ryan talks with Jose George from research and ratings organisation Canstar, and… Audio
FMA updates guidance around advice on KiwiSaver
The Financial Markets Authority has updated its guidance about KiwiSaver sales and advice to make sure providers are acting within the rules. Audio
Good financial behaviour guide just published
Consumers will be able to use a new Good Conduct Guide issued by the Financial Markets Authority to assess the behaviour and standards of of financial services companies. Audio
FMA says deadline looming for the licencing of fund managers
The Financial Markets Authority is reminding funds managers to apply for their new licence before the end of August, if they want to operate when new rules come into affect on December 1st. Audio
FMA hones in on insurance advisors
The Financial Markets Authority is training its sights on insurance agents with questionable practices and says prosecutions could follow. Audio