Budget 2026: Financial Sector to Bear the Cost for Regulation
Budget 2026 introduced a new prudential levy on insurers, banks, non‑bank deposit takers and other financial market participants to help cover the costs of...
FMA Chief Executive Not Seeking Reappointment
The Financial Markets Authority is seeking a new CEO after announcing that Chief Executive Samantha Barrass will not seek reappointment when her five-year term...
Insurers Expected to be Actively Preparing Now for Major Reforms
There was strong reader interest this week in the FMA's open letter to insurers setting out its expectations around the major changes the Contracts...
Data Reveals Structure of Modern Advice Practices
Financial Advice NZ says the FMA's recent regulatory returns data shows financial advice is being delivered by small, technically competent practices managing multiple advice...
Strong Lift in Adviser & FAP Numbers, Rise in Digital Advice
The number of licensed financial advice providers increased 10% in the year to June 30, 2025, while the number of financial advisers increased almost...
Reserve Bank Consults on Bill to Modernise Insurance Regulation
The Reserve Bank of New Zealand is consulting on an exposure draft of a Bill that is intended to modernise insurance regulation in New...
FMA Joins Initiative Tackling Unlawful Financial Influencers
The FMA tackling the risks involved with unlawful financial promotions by finfluencers drew plenty of reader interest this week...
The Financial Markets Authority has joined...
Fact Check AI Advice When Making Complaints – IFSO
The Insurance & Financial Services Ombudsman Scheme is advising people who use AI tools to get help with making complaints to double check the...
Overly Conservative? Poll Result
In a surprising result, our latest poll finds that a big majority of advisers agree that their advice practice is overly conservative in the...