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Last Article Uploaded: Tuesday, August 4th, 2:02PM

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Industry participants pick up more of FMA's tab

Industry participants will pay 83% of the cost of funding the Financial Markets Authority by 2022, documents released by the Ministry of Business, Innovation and Employment show.

Tuesday, August 4th, 6:00AM

A Cabinet paper released by the ministry last week shows that participants are picking up the tab as the regulator’s budget increases significantly over the coming years.

The paper said the FMA has faced an expansion of its regulatory remit and broader cost pressures in recent years.

In April, Cabinet agreed to increase the FMA’s appropriation over three years to $60.805 million by 2022/23 ...MORE»

NZ shares fall as Aussie lockdown bites

Monday, August 3rd, 7:22PM

New Zealand shares fell as new lockdown measures - placed over parts of Australia to stem a resurgence of covid-19 - weighed down financial and travel stocks on the local market. Fruit exporter Scales dropped on downgraded earnings.

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'Retirees' stick with KiwiSaver, AMP says

Monday, August 3rd, 5:00AM

More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says.

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FMA restarts regulatory activities

The Financial Markets Authority says regulatory activities will restart in a “phased approach” as New Zealand continues to respond to the disruption caused by Covid-19.

Sunday, August 2nd, 9:17PM

It had allowed market participants some flexibility and relief from their normal requirements earlier in the year out of concern for the disruption that businesses were facing.

But in an update outlining its priorities for the next three to six months, the regulator said it had resumed its supervisory monitoring programme, which includes planned, reactive and thematic monitoring of the licensed populations ...MORE»

[The Wrap] Nats' KiwiSaver policy nuts

Sunday, August 2nd, 4:54PM

One way to undermine KiwiSaver is to keep tinkering with it and make changes. And that is exactly what National leader Judith Collins is promoting.

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[GRTV] Bascand outlines the keys to Covid recovery

Sunday, August 2nd, 7:57AM

Harbour Asset Management managing director Andrew Bascand explains the firms approach to investing in this volatile, Covid-19 dominated environment.

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BNP to boost offshore capital flows

Tuesday, August 4th, 11:16AM

BNP Paribas Securities Services (BNP Paribas) is intending to engage with the NZX on a new initiative focused on boosting offshore capital flows into NZX to further develop the New Zealand capital market. MORE»

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[GRTV] Bascand outlines the keys to Covid recovery

Sunday, August 2nd, 7:57AM

Harbour Asset Management managing director Andrew Bascand explains the firms approach to investing in this volatile, Covid-19 dominated environment. MORE»

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Kiwi insurers unscathed by Covid-19, S&P says

Tuesday, August 4th, 9:18AM

New Zealand insurers’ risks have remained stable through 2020 and the sector has mostly been unscathed by the Covid-19 pandemic, S&P Global Ratings says. MORE»

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Resimac slashes prime rates

Tuesday, August 4th, 10:36AM

Non-bank Resimac has slashed prime rates to new lows as it pushes to take business from traditional lenders. MORE»

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Former Newpark CEO joins life company

Wednesday, July 29th, 7:52AM

The former chief executive of Newpark has taken on a new role working with advisers at a life company. MORE»

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'Retirees' stick with KiwiSaver, AMP says

Monday, August 3rd, 5:00AM

More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says. MORE»

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