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KiwiSaver default provider RFP opens 01 October 2020

The Government has today released the Request for Proposals (RFP) to appoint the next set of KiwiSaver default providers.

Changes to FMA levies 29 July 2020

The Government has confirmed the updates to the Financial Markets Authority (FMA) levy to implement increases in the FMA’s funding, including confirming the levies that will apply for the new financial advice regime.

Disclosure requirements and commencement date set for new financial advice regime 25 June 2020

The Government has set new disclosure requirements to ensure that consumers seeking financial advice can make more informed decisions. It has also set the start date for the new financial advice regime as 15 March 2021.

New measures targeting high-cost lenders, mobile traders take effect 05 June 2020

New measures that protect consumers who borrow from high-cost lenders and mobile traders came into effect on 1 June 2020.

Government to increase FMA’s funding and levy settings 14 May 2020

The Government is making changes to the Financial Markets Authority’s (FMA) levy to implement an increase in its funding. The funding decision, made through Budget 2020, involves increasing the FMA’s annual operating funding over the next three years.

Consultation opens on FMA funding and levies 28 January 2020

Consultation has opened on funding options and levies to enable the Financial Markets Authority (FMA) to regulate the new financial advice regime and respond to cost pressures within its current remit.