5 mins with the FMA

In this episode, to mark World Investor Week, we take a look at ethical investing, with Paul Gregory, Executive Director, Response & Enforcement at the FMA. 

We talk with Paul about the challenges facing investors looking for ethical investments and the role of a regulator in making sure fund managers really are doing what they promise. We also explore the main things that investors should think about when looking at ethical inv...

In this episode, we look at the latest KiwiSaver Annual Report, with John Horner, Director of Markets, Investors and Reporting at the FMA.

The FMA’s latest KiwiSaver Annual Report shows that KiwiSaver has held firm through a continuing period of market volatility. Total funds in KiwiSaver have grown again this year, by $4 billion, due to contributions of $10.5bn from members, employers, and government.

This growth in total KiwiSaver ...

Today we’re looking at scams – particularly those investment scams that have led to Kiwis losing a lot of money – we’re talking retirement savings, house deposits and hard-earned savings being stolen by overseas criminals.  

We’re speaking to Sam McGuire, the FMA’s Regulatory Services manager. She sees a lot of the scam complaints that come in and she’s got some good advice for keeping safe.   

• Check out the FMA’s Warning and Ale...

Today we discuss the licensing of Financial Advice Providers (FAPs) with the FMA’s Michael Hewes.   

From March 17, 2023 all financial advice providers (FAPs) must hold or operate under a full licence from the FMA if they want to provide regulated financial advice to retail clients.  

With full licensing now in effect, this will continue to give Kiwis greater confidence in consistent standards across the financial advice in...

Today we discuss New Zealand’s new climate-related disclosures regime with the FMA’s Jenika Phipps. 

Organisations covered (known as Climate Reporting Entities or CREs) will soon have to make annual disclosures covering governance arrangements, risk management, strategies and metrics and targets for mitigating and adapting to climate change impacts.  

This applies to the larger publicly listed companies, big insurers, banks, non-bank...

FMA Director of Capital Markets Paul Gregory discusses the FMA’s recently-published review of the wholesale property investment sector, which led to the FMA issuing formal warnings to several entities.

He explains why the FMA conducted the review and what the major findings were, particularly in relation to some firms using deficient eligible investor certificates. Mr Gregory says the report and warnings have put the industry on not...

FMA Director of Investment Management Paul Gregory talks about the FMA’s latest KiwiSaver Annual Report, for the 2021-22 financial year. The report includes figures and trends found in KiwiSaver providers’ consolidated data, and summaries of the FMA’s key activities and ongoing focus areas.

Here we talk about the key stats, including the early impact of lower fee settings for default members, another jump in members in “socially res...

FMA Director of Banking and Insurance Conduct Clare Bolingford discusses the incoming Conduct of Financial Institutions (CoFI) regime, which will require New Zealand's retail banks, insurers and non-bank deposit takers to treat customers fairly at all stages of the relationship.

Here she outlines the key changes CoFI will bring about, what treating customers ‘fairly’ means in practice, and what firms can do now to prepare befor...

FMA Director of Supervision James Greig discusses the FMA’s new message to financial service providers to ensure their cyber defences are robust, in an age of increasingly sophisticated and successful cyber attacks. 

Here he explains why the regulator issued the “Cyber Security & Operational Systems Resilience” information sheet in June 2022, which includes details around standard FMC Act licence conditions, threat monitoring, s...