Lots to be Done to Update Dispute Resolution Schemes
The maximum amount that can be awarded by the country's four dispute resolutions schemes should be streamlined and consumers shouldn't be able to double-dip...
FAP Help for Advisers on Offer
Financial advisers struggling to get up to speed with applying for a full license, or putting systems in place, have been offered a helping...
Up to 60 Financial Advisers Risk Being Struck From Register
A total of 189 financial advisers were asked by Companies Office to update details of the dispute resolution scheme (DSR) they belong to –...
Financial Advisers Dropped from Essential Services List
Financial Advisers are not deemed to be an essential service under the current alert level 4 lockdown, which is set to remain in place...
Why Applying for a Full FAP Licence Could Improve Your Business
Trading up from a transitional licence to a full FAP licence will help advisers identify any regulatory issues in their business, writes Derek Grantham,...
FMA Helps FAPs Get up to Speed on Cybersecurity
The FMA has published an information sheet of principles and resources to help licensed FAPs develop their cyber resilience.
The regulator says standard conditions for...
AIA NZ Admits Misleading Customers – FMA Seeks $700,000 Penalty
Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the FMA.
The case was filed in the Auckland...
Budgeting Services Organisations Exempt from Regulations
News from Australia that a personal budgeting services firm needed an AFS license prompted RiskinfoNZ to ask the FMA if similar organisations in New...
FMA’s Priorities for the Coming Year
The FMA has released its annual corporate plan outlining the organisation's priorities for the next 12 months.
CEO Rob Everett, who announced in March he...