Members can withdraw their KiwiSaver savings when they qualify for NZ Superannuation (age 65). You may also be able to get some or all of your savings earlier if you’re buying your first home, moving overseas, have a serious illness or a life‑shortening congenital condition, or are experiencing significant financial hardship.
On 30 August 2019 the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019 received Royal assent. The Act introduces a licensing regime for administrators of financial benchmarks.
ANZ, ASB, BNZ and Westpac are required to have open banking systems live from today.
The Government is progressing a package of reforms to strengthen New Zealand’s Capital Markets.
MBIE administers Part 4 of the KiwiSaver Act 2006 (governance of KiwiSaver schemes) and Schedule 1 (the KiwiSaver scheme rules, including early withdrawal settings)
People who do not choose a specific KiwiSaver fund when they start work and are not already a KiwiSaver member are automatically enrolled in a ‘default fund’.
This page describes the financial markets conduct regulatory system, its objectives and our qualitative assessment of it. It also lists the main statutes and changes to regulation either planned or in progress.
The Government is making changes to encourage new sharemarket listings, cut costs for smaller listed companies and improve visibility over private asset investment.
From 2018 to 2024, we held a review into New Zealand's insurance contract law to ensure it facilitates well-functioning insurance markets.
The Ministry of Business, Innovation and Employment (MBIE) has commenced an investigation into matters that have been raised about Financial Markets Authority (FMA) Chair Craig Stobo.
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