Law firm opposes warrantless without-notice FMA inspections
Proposed new powers for the Financial Markets Authority (FMA), including for without-notice warrantless on-site inspections, should be scrapped because there’s no evidence such powers are needed, according to law firm DLA Piper.
Proposed new powers for the Financial Markets Authority (FMA), including for without-notice warrantless on-site inspections, should be scrapped because there’s no evidence such powers are needed, according to law firm DLA Piper.
“If a court cannot be persuaded to grant a warrant, a raid should not be conducted,” the law firm says in a submission to parliament’s finance and ...MORE»
Fonterra leads NZ sharemarket riseThursday, June 26th, 6:55PM
The New Zealand sharemarket rose slightly on a quiet day today, while Fonterra saw its share price rally as investors look forward to a potentially higher dividend. MORE» |
How much Shaw paid for a majority stake in ISGThursday, June 26th, 6:03AM
Australia-based Shaw and Partners will pay $67.5 million for 75% of Investment Services Group (ISG), which owns the Devon Funds, JMI Wealth, Select Wealth, Clarity Funds and TAHITO brands in the wealth management space, chair Paul Glass confirmed. MORE» |
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New FMA report warns of customer protection gaps
The FMA has released its latest Financial Conduct Report, revealing issues with fraud, fee transparency and product design across financial services
The FMA has released its latest Financial Conduct Report, revealing issues with fraud, fee transparency and product design across financial services
The Financial Markets Authority (FMA) has identified weaknesses in how New Zealand's insurance sector protects consumers, with regulators warning of "gaps" that leave customers vulnerable.
Despite recent licensing reforms, the FMA's ...MORE»
Advisers’ fraudulent activity to be rooted out by FMAWednesday, June 25th, 1:25PM
Advisers selling mortgages and insurance through misleading or fraudulent activities are coming under the beady eye of the Financial Markets Authority (FMA). MORE» |
Clients are expecting advisers to use AIWednesday, June 25th, 8:52AM
Consumers are expecting financial advisers to be using AI, and many believe it will them give them better financial advice outcomes. MORE» |
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AI provider to KiwiSaver secures funding
Sevaka secures $1 million to scale AI platform for financial services. MORE»
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GoodReturns TV
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[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility
Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits. MORE»
Fin Ed is Good Ed
For most Kiwis growing up in New Zealand financial education was a hands-on experience. We’d earn $1 from weekly chores, deposit 50 cents into our Post Office savings account, and spend the rest at the tuck shop—back when 50 cents could buy heaps and even leave you with change. MORE»
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FMA cancels advice firm’s FAP licence
The Financial Markets Authority has cancelled the Financial Advice Provider (FAP) licence of Filcare Services Limited, one day after the release of its Financial Conduct Report. MORE»
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TMM Online
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New unsecured loan offer as BNZ chases SME market
BNZ is offering small businesses unsecured loans of up to $50,000 on digital only applications through its new Merchant Flexi Loan. MORE»
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OMNIMax founder takes on new role
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KiwiSaver is the future of financial advice: Bascand
More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says. MORE»
