Category: financial_markets
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Media Monitor: RNZ reports Regulatory Standards Bill concerns, poverty increase
RNZ is reporting that another government agency is warning that the costs to comply with the Regulatory Standards Bill could be "significant" and hinder the government's ability to acquire land for infrastructure projects and public works. It said Regulation Minister…
Politics and GovernmentSocial IssuesBusinessWorldSportEconomyEmployment and LaborFinancial MarketsFilm and TVLegal Regulatory Standards BillDavid SeymourPovertyWaiuku crashKiwiSaverAir IndiaRadio New Zealand
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NZ Retail Spending Edges Up in June 2025
Spending in New Zealand's retail sector saw a slight increase in June 2025, according to the latest electronic card transactions (ECT) data. Stats NZ reported that retail industries experienced a 0.5 percent rise, equating to $32 million, while core retail…
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ACT Criticizes Red Tape After Christchurch Housing Project Cancelled
ACT criticizes red tape for hindering progress, citing a cancelled housing development in Christchurch as an example. The party is advocating for regulatory reforms to streamline processes and reduce burdens on businesses and families. ACT is pushing for changes that…
Politics and GovernmentBusinessEconomyGeneral PoliticsState GovernmentsFinancial MarketsLawSocial Issues ACTChristchurchhousing developmentred tapeRegulatory Standards BillCOVID-19 Royal CommissionNicole McKeeACT Party NZ
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New Zealand Anti-Scam Alliance Receives Welcome from FMA
The Financial Markets Authority (FMA) has welcomed the formation of the New Zealand Anti-Scam Alliance, a joint operational partnership aimed at tackling scams. FMA Executive Director Clare Bolingford emphasized the importance of collaboration in combating scams, stating, "Collaboration is a…
BusinessPolitics and GovernmentScience & TechnologyFinancial MarketsLaw EnforcementLegalComputers and Internet Financial Markets AuthorityNew Zealand Anti-Scam AlliancescamsClare BolingfordinvestmentNCSCFinanceNZ Financial Markets Authority
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Media Monitor: Workers exposed to toxic gas, NZ woman killed by elephant
Media Monitor: 1News is reporting that two workers in Greymouth narrowly avoided death after being exposed to toxic gas in a pit. The workers were not warned of the risks before starting work. Taylorville Resource Park Limited and Paul Smith…
WorldBusinessPolitics and GovernmentSportAustralasiaAfricaFinancial MarketsEmployment and LaborMilitarySocial Issues
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FMA Investigation into Senior Trust Capital Limited Ongoing
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is continuing its investigation into Senior Trust Capital Limited (STC), a financier in the senior living sector. The investigation began in November 2024. STC is an issuer under a…
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Media Monitor: New Zealand Weather Alerts, Woolworths Error, Diddy Case
1 News is reporting that severe weather alerts are in place for much of New Zealand. It said heavy rain and strong winds are forecast for the Bay of Plenty and the top of the South Island. Severe thunderstorms are…
WeatherBusinessLawSportHealthWorldGeneral WeatherEconomyFinancial MarketsLegalMedical ScienceFilm and TVUnited States WoolworthsSean "Diddy" CombsStormsProstitutionLegal CaseOne News NZ
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NZ Household Saving Declines by $392 Million in March 2025 Quarter
New Zealand household saving experienced a significant drop of $392 million, falling to -$1.6 billion in the March 2025 quarter. Stats NZ reported that this decrease is attributed to household spending outpacing disposable income. Negative saving indicates that households are…
BusinessEconomyFinancial MarketsAustralasia Household SavingStats NZNet Disposable IncomeSalaries and WagesPersonal FinanceWellingtonStatistics New Zealand
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FMA Focuses on Conduct and Access in Financial Advice Sector
The Financial Markets Authority (FMA) has released its inaugural Financial Conduct Report, outlining key regulatory priorities for the financial advice sector over the next 12 months. These priorities include conduct impacting vulnerable consumers, ensuring clients understand fees and commissions, effective…
BusinessPolitics and GovernmentLegalFinancial Markets Financial Markets AuthorityFinancial Conduct ReportFinancial Advice Provider ForumsMurray McCluneFilcare Services LimitedFinancial ServicesRegulatoryNZ Financial Markets Authority
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FMA Releases Performance Expectations for 2025/26
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its Statement of Performance Expectations (SPE) for 2025/26. The SPE details how the FMA will measure and report its progress against targets, including financial forecasts for the…
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Ex-Financial Advisor Admits Theft of $1.7M from Elderly Clients
Former financial advisor Murray McClune has pleaded guilty to two charges of theft, following a Financial Markets Authority (FMA) investigation. McClune, who had worked in the insurance industry since the late 1960s, misappropriated approximately $1.7 million from two sets of…
BusinessLegalFinancial MarketsLaw Enforcement Financial Markets AuthorityMurray McClunetheftfinancial advisorMargot GatlandfraudsecuritiesNZ Financial Markets Authority
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Media Monitor: New Zealand Hit by Severe Weather
Radio New Zealand is reporting that heavy rain is causing widespread travel disruption, flooding, and evacuations in parts of the country. It said the top of the South Island is bearing the brunt of the rain, with states of emergency…
WeatherPolitics and GovernmentHealthBusinessSportGeneral WeatherState GovernmentsEmployment and LaborFinancial MarketsMedical ScienceLegal South IslandAucklandFloodingEvacuationsStorms
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FMA Investigates Senior Trust Retirement Village Income Generator Limited
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko is investigating Senior Trust Retirement Village Income Generator Limited (STIG). The investigation, which began in November 2024, is focused on disclosures made by STIG in its previous product disclosure statement…
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NZ Annual Enterprise Survey Shows Income Increase
New Zealand's annual enterprise survey (AES) reveals a $51 billion (5.5 percent) increase in total income, reaching $980 billion for the 2024 financial year. Total expenditure also rose by $26 billion (3.1 percent) to $857 billion. Businesses saw a $16…
BusinessEconomyFinancial MarketsAustralasia Annual Enterprise SurveyFinancial StatisticsFinancial PerformanceIncomeExpenditureStatistics New Zealand
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Filcare Services Loses Financial Advice Provider Licence
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has cancelled Filcare Services Limited’s (Filcare) Financial Advice Provider licence, at its request. The company provided financial advice to approximately 1,800 retail clients, many of whom were migrant workers…
BusinessLegalFinancial Markets Financial Markets AuthorityFilcare Services LimitedFinancial Advice Provider licenceHelena LewisFinancial Services Complaints LimitedFinanceNZ Financial Markets Authority
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FMA Releases Financial Conduct Report, Outlining Key Priorities for the Year Ahead
The Financial Markets Authority (FMA) has released its Financial Conduct Report, outlining key priorities for the financial sector in the coming year. This annual report aims to provide transparency and clarity to banks, insurers, investment managers, capital markets, and financial…
BusinessPolitics and GovernmentFinancial MarketsEconomyBankingLegal Financial Markets AuthorityFinancial Conduct ReportSamantha Barrassfinancial regulationinvestmentfraudfintechNZ Financial Markets Authority
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New Zealand GDP Rises 0.8 Percent in March 2025 Quarter
New Zealand's gross domestic product (GDP) saw a 0.8 percent increase in the March 2025 quarter, according to figures released today by Stats NZ. This follows a 0.5 percent increase in the December 2024 quarter. Activity in the March 2025…
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZKatrina DewberyEconomic GrowthManufacturingBusiness ServicesStatistics New Zealand
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NZX Receives Positive Regulatory Report from FMA
The NZX has received a positive regulatory report from the Financial Markets Authority (FMA), which found it met its obligations and is pursuing further enhancements. The annual NZX Market Operator Obligations Review, released today, assessed NZX's adherence to its market…
BusinessPolitics and GovernmentAustralasiaFinancial MarketsEconomyLegal
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Media Monitor: Auckland Supermarket Fire, RNZ Redundancies, Food Price Increase
Media Monitor: 1 News is reporting that a fire at an Auckland supermarket is still not under control, and firefighters are expected to remain at the scene overnight. Fire and Emergency NZ said crews were alerted to the fire at…
WorldPolitics and GovernmentBusinessMiddle EastEconomyGeneral PoliticsFinancial MarketsTradeReal Estate AucklandSupermarket FireRNZRedundanciesFood PricesStats NZNew World Victoria ParkOne News NZ
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Media Monitor: RNZ Reports Embassy Closure, Investigation
Radio New Zealand is reporting that the Embassy of Israel in Wellington is closing amid international conflict. RNZ said the closure is part of a worldwide shuttering of the country's diplomatic missions. In other news, a scheduled test of Christchurch…
WeatherSportPolitics and GovernmentBusinessWorldScience & TechnologyMiddle EastDisastersFinancial MarketsLaw EnforcementEducationGeneral WeatherEconomySocial IssuesEnvironment Embassy of IsraelWellingtonChristchurchLachlan JonesGorePolice investigationDiplomacyRNZ News
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FMA Consults on Debt Security Buy-Backs
The Financial Markets Authority (FMA) is seeking feedback on a proposed class exemption for listed issuers regarding buy-backs of their own quoted debt securities. This exemption would apply to certain unsolicited offer regulations. FMA Executive Director Liam Mason stated that…
BusinessPolitics and GovernmentLegalAustralasiaFinancial MarketsEconomyFederal Government
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New Zealand Businesses See Sales and Profit Growth in March 2025 Quarter
New Zealand businesses saw a rise in sales and operating profits in the March 2025 quarter compared to the same period last year. According to data, sales reached $190 billion, a 3.3 percent increase, while operating profit rose to $26…
BusinessEconomyTradeEmployment and LaborFinancial Markets Business Financial DataSalesOperating ProfitManufacturingWholesale TradeStatistics New Zealand
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Media Monitor: RNZ reports on transaction accounts, social media spat, 'Lilo & Stitch' review, and more
Radio New Zealand is reporting that New Zealanders may be missing out on a collective $1 billion annually by keeping their money in transaction accounts. Separately, a social media dispute has erupted between the Blues and Moana after play-off spots…
BusinessSportEntertainmentPolitics and GovernmentLaw EnforcementWeatherEconomyFinancial MarketsSocial IssuesFilm and TVGeneral Politics Transaction AccountsBluesMoanaLilo & StitchDavid SeymourChris BishopPounamuRNZ News
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Pharmazen Faces Infringement Notice for Late Financial Filing
The Financial Markets Authority (FMA) has issued an infringement notice to Pharmazen Limited for failing to file its financial statements on time. The audited financial statements for the year ended December 31, 2024, were due by April 30, 2025, under…
BusinessLegalFinancial Markets Financial Markets AuthorityPharmazen LimitedFinancial Markets Conduct Act 2013financial statementsJohn Hornerinfringement noticeAuditingNZ Financial Markets Authority
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FMA Study Reveals Gaps in Kiwis' Savings and Debt Management
New research from the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – indicates that while many New Zealanders are confident in their financial decisions, there are discrepancies between their financial goals and investment holdings. The study, titled 'Good…
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IMF Concludes 2025 Article IV Consultation with New Zealand
The International Monetary Fund (IMF) concluded its Article IV consultation with New Zealand on May 19, 2025, with the Executive Board acknowledging the economy's nascent recovery and the return of inflation to the Reserve Bank of New Zealand’s (RBNZ) target.…
BusinessPolitics and GovernmentEconomyFinancial MarketsTrade IMFArticle IV Consultationmonetary policyfiscal policyeconomic growthinflationInternational Monetary Fund
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Labour Leader Slams Budget as Detrimental to Women and Young People
Labour Leader Chris Hipkins criticizes the newly released budget, calling it a series of "wrong decisions" for New Zealanders. Hipkins accuses the government of prioritizing tax cuts over essential services and fair wages, particularly for women. According to Hipkins, the…
Politics and GovernmentBusinessSocial IssuesEconomyLabour PartyEmployment and LaborFinancial Markets Chris HipkinsNicola WillisChristopher LuxonKiwiSaverAusterityGovernment Spending
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NZ Budget 2025: New Housing Investment Approach
A new housing investment approach, outlined in Budget 2025, aims to deliver appropriate housing solutions to the right people, according to Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka. The plan includes a new Flexible Fund and increased…
Politics and GovernmentBusinessSocial IssuesAustralasiaEconomyState GovernmentsFinancial MarketsReal Estate HousingBudget 2025Chris BishopTama PotakaSocial HousingCommunity Housing
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NZ Budget 2025: Millions to Deliver New Social Homes
The New Zealand government is set to inject NZ$128 million over four years to deliver at least 550 new social homes in Auckland in the 2025/26 year, adding to the 1,500 new social homes funded through Budget 2024. Housing Minister…
Politics and GovernmentBusinessSocial IssuesAustralasiaEconomyState GovernmentsFinancial MarketsReal Estate Budget 2025social housingChris BishopTama PotakaAucklandhousing investment
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New Zealand Boosts Investment to Tackle Rising Tax Debt
The New Zealand government is set to increase its investment in pursuing tax evasion, according to Revenue Minister Simon Watts. The move comes in response to the country's rising tax debt, which reached $8.5 billion by the end of 2024.…
Politics and GovernmentBusinessEconomyFederal GovernmentFinancial MarketsLegal tax evasionSimon WattsBudget 2025Inland Revenuetax compliancetax debt