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.
With innovations like digital wallets and payment apps rapidly transforming the New Zealand payments market, the Ministry of Business, Innovation and Employment (MBIE) is asking if the rules for payment services are still fit for purpose.
Following the independent investigation into the conduct of Financial Markets Authority (FMA) Chair Craig Stobo, Commerce and Consumer Affairs Minister Cameron Brewer has released the report.
The Government is progressing a package of reforms to strengthen New Zealand’s Capital Markets.
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.
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’.
MBIE administers Part 4 of the KiwiSaver Act 2006 (governance of KiwiSaver schemes) and Schedule 1 (the KiwiSaver scheme rules, including early withdrawal settings)
The Government is making changes to encourage new sharemarket listings, cut costs for smaller listed companies and improve visibility over private asset investment.
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