Category: financial_markets
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FMA Seeks Liquidation of More Chance Voight Entities Amidst Financial Concerns
The Financial Markets Authority (FMA) has applied to the High Court to liquidate an additional 25 entities associated with the Rangiora-based Chance Voight Group. This action stems from significant concerns regarding the Group's management and its ability to meet financial…
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New Zealand Business Prices Show Mixed Movements in December Quarter
New Zealand's business prices experienced mixed movements in the December 2025 quarter. The output producers price index (PPI) saw a modest increase of 0.1 percent compared to the previous quarter. Conversely, the input PPI recorded a decrease of 0.5 percent.…
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Media Monitor: Christchurch terrorist appeals conviction in NZ court
ABC News is reporting that the convicted Christchurch terrorist is appealing his conviction in New Zealand's Court of Appeal. The terrorist, who murdered 51 people in a 2019 attack on two mosques, is testifying in court as he seeks to…
Politics and GovernmentMediaWorldGeneral PoliticsEconomyFinancial MarketsFilm and TVLaw Enforcement Christchurch terroristCourt of Appealappealconvictionguilty pleasmosque attackABC News
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New Zealand Inflation Rises to 3.1% in December 2025
Aotearoa New Zealand’s annual inflation rate stood at 3.1 percent for the 12 months ending December 2025, according to data released by Stats NZ. This figure represents an increase from the 3.0 percent inflation recorded in the previous quarter, ending…
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New Zealand Household Saving Drops Sharply in September Quarter
New Zealand's household saving fell by $928 million to $703 million in the September 2025 quarter, compared to the previous quarter, according to experimental national accounts data. Household net disposable income also decreased by 0.7 percent, a drop of $471…
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FMA Announces Board Appointments and Reappointments
The Financial Markets Authority (FMA) has announced several changes to its Board. Steven Bardy has been appointed Deputy Chairperson, effective from January 1, 2026, until February 28, 2027. Mr. Bardy brings extensive experience in financial services, regulation, compliance, and risk…
Politics and GovernmentBusinessAustralasiaFinancial MarketsEconomyBanking Financial Markets AuthoritySteven BardyPhilip DoakAlastair HercusChristopher SwasbrookPrasanna GaiBoard AppointmentsNZ Financial Markets Authority
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FMA Warns Chance Voight Investors Amid Liquidation
The Financial Markets Authority (FMA) is advising investors in Rangiora-based Chance Voight to seek full information before providing further funds to Bernard Whimp or any Chance Voight-related entity. This warning comes as the FMA has applied to the High Court…
BusinessPolitics and GovernmentLegalFinancial MarketsEconomyLaw Enforcement Financial Markets AuthorityChance VoightBernard WhimpLiquidationInvestmentRangioraNZ Financial Markets Authority
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New Zealand's GDP Rises 1.1% in September 2025 Quarter
New Zealand's gross domestic product (GDP) increased by 1.1 percent in the September 2025 quarter, according to figures released by Stats NZ today. This follows a 1.0 percent decrease in the June 2025 quarter. Economic growth spokesperson Jason Attewell noted,…
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZeconomic growthSeptember 2025 quarterJason AttewellBusiness/FinanceStatistics NZ
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New Zealand's Current Account Deficit Widens to $3.8 Billion
New Zealand's seasonally adjusted current account deficit has widened by $153 million to $3.8 billion in the September 2025 quarter, according to figures released by Stats NZ today. The primary income balance and the goods balance both contributed to the…
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FMA Investigates Chance Voight Investment Corporation
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is investigating Christchurch-based Chance Voight Investment Corporation Limited (Chance Voight), its subsidiaries, and associated persons and entities. The investigation follows the FMA seeking the appointment of interim liquidators over…
BusinessLegalFinancial MarketsBanking Financial Markets AuthorityChance Voight Investment CorporationChristchurchMalcolm HollisJohn FiskLara BennettPwC New ZealandNZ Financial Markets Authority
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New Zealand Retail Spending Rises in November 2025
Spending in New Zealand's retail sector saw an increase of 1.2 percent ($86 million) in November 2025, according to the latest electronic card transactions (ECT) data. The core retail industries also experienced growth, with spending up by 1.1 percent ($67…
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FMA Censure Opes Group for Licence Breaches
The Financial Markets Authority (FMA) has censured Opes Group Holding Company Limited for breaching its Financial Advice Provider (FAP) licence obligations. The censure follows findings of shortcomings in record keeping, client understanding of advice, conflict of interest management, and adviser…
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FMA Releases Kaupapa Māori Research to Address Data Gaps
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has released two Kaupapa Māori research papers to address gaps in understanding the experiences of Māori consumers and providers in Aotearoa New Zealand’s financial markets. This marks the first…
BusinessPolitics and GovernmentAustralasiaEconomyFinancial MarketsSocial IssuesState Governments
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Tower Faces $7 Million Penalty for Misleading Customers
Tower has been ordered to pay a $7 million penalty for misleading representations that resulted in more than $11 million in overcharges to its customers. The penalty follows admissions in civil proceedings brought by the Financial Markets Authority (FMA) in…
BusinessLegalAustralasiaFinancial MarketsLaw Enforcement TowerFinancial Markets AuthorityFMAFinancial Markets Conduct ActFMC ActAucklandCivil ProceedingsNZ Financial Markets Authority
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FMA Releases Thematic Review on Financial Institutions' Product and Service Reviews
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has released a thematic review on financial institutions’ product and services reviews. Executive Director, Licensing and Conduct Supervision, Clare Bolingford, said: “When financial institutions proactively review products and services,…
BusinessFinancial MarketsBankingEconomyLegal Financial Markets AuthorityFMAClare Bolingfordfinancial institutionsproduct reviewsservice reviewsLicensing and Conduct SupervisionNZ Financial Markets Authority
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EU Approves Continued Use of New Zealand Financial Benchmarks
The European Commission has decided to recognise New Zealand’s legal and supervisory framework for financial benchmarks as equivalent to the European Union’s. The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has welcomed the decision. This, coupled with…
BusinessPolitics and GovernmentEuropeFinancial MarketsTradeEconomyBankingLegal European CommissionFinancial Markets AuthorityNZ Bank Bill RateBKBMFinancial BenchmarkFinancial RegulationNZ Financial Markets Authority
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FMA Cancels Hope Group Limited's Financial Advice Provider Licence
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has cancelled the Financial Advice Provider licence of Christchurch-based Hope Group Limited (HGL). HGL held a full financial advice provider licence and provided personal risk insurance advice to retail…
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Media Monitor: RNZ Reports Flight Cancellations, Banking Updates, and Sports Wins
RNZ is reporting that airline passengers throughout New Zealand are experiencing flight cancellations, with more possible due to grounded Airbus A320 jets. It said the Banking Association is criticizing social media, technology, and telecommunications companies for insufficient scam prevention measures.…
TransportationMusicBusinessSportWeatherFinancial Markets RNZFlight CancellationsAirbus A320Banking AssociationScam PreventionAll Blacks SevensWaiwera Thermal SpringsRNZ News
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New Zealand Government Net Operating Deficit Reaches $5.3 Billion
New Zealand's general government experienced a net operating deficit of $5.3 billion in the year ended June 2025, according to government finance statistics. This follows a $2.0 billion deficit in the previous year. Total operating income saw a 1.5 percent…
Politics and GovernmentBusinessAustralasiaEconomyFinancial MarketsTradeGovernment
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New Zealand's Net Worth Increases 4.2 Percent in 2024
New Zealand's net worth increased by 4.2 percent in the year ended March 2024, driven by a rise in assets that outpaced liabilities. This information comes from the latest annual balance sheets, which provide estimates of assets, liabilities, and net…
BusinessPolitics and GovernmentEconomyFinancial MarketsBankingTradeAustralasia
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Stats NZ Details GDP Calculation Changes for September 2025 Quarter
Stats NZ will release a methods paper detailing changes to data and methods used in the upcoming Gross domestic product: September 2025 quarter, scheduled for release on December 18, 2025. According to Stats NZ, the paper offers “an early indication…
BusinessPolitics and GovernmentEconomyFinancial MarketsTradeFederal GovernmentAustralasia
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New Zealand Business Price Indexes Rise in September 2025 Quarter
New Zealand's business price indexes (BPI) saw increases in the September 2025 quarter. The output producers price index (PPI) rose 0.6 percent, while the input PPI increased by 0.2 percent. The farm expenses price index (FEPI) showed a significant rise…
BusinessEconomyFinancial MarketsTrade Business Price IndexesPPIFEPICGPIStats NZPrice IndexesStatistics NZ
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FMA Updates Guidance on Insider Trading
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has released an updated information sheet to promote stronger practices regarding insider trading within the investment industry. This follows engagement with industry participants. The information sheet, titled Insider Trading: where…
BusinessLegalFinancial MarketsEconomyTradeAustralasia Financial Markets AuthorityFMAinsider tradinginvestment industryLouise Ungerinstitutional investorsTe Mana Tātai HokohokoNZ Financial Markets Authority
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New Zealand's Financial Advice Sector Sees Growth, Faces Scams and Misconduct
The Financial Markets Authority (FMA) has released its final Financial Advisers Update for 2025, reflecting on a year of progress and engagement within the financial advice sector. The FMA noted the sector is embedding the financial advice regulatory framework, with…
BusinessPolitics and GovernmentLegalScience & TechnologyFinancial MarketsEconomyFederal GovernmentComputers and InternetSocial Issues Financial AdviceFinancial Markets AuthorityFMAScamsFraudRegulatory ReturnsInvestmentNZ Financial Markets Authority
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Media Monitor: RNZ Reports on Lotto, Vehicle Safety, and More
RNZ is reporting that a financial advisor is offering advice to anyone who wins Saturday's $55 million Lotto jackpot. It said a father has been fighting for Waka Kotahi to address the dangers of a vehicle braking system involved in…
BusinessSportWorldWeatherTransportationSocial IssuesAustralasiaFinancial MarketsMedical ScienceGeneral Weather
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New Zealand National Accounts Data Released for Year Ended March 2024
Stats NZ released the National Accounts (industry production and investment) for the year ended March 2024. The release contains a reconciled set of detailed industry data on production, investment, and capital stock. This data is used to update and maintain…
BusinessPolitics and GovernmentEconomyFinancial MarketsTradeFederal Government National AccountsIndustry ProductionInvestmentGDPStats NZGovernment StatisticianStatistics NZ
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New Zealand National Accounts Updated to March 2024, Provisional Estimates for 2025
Stats NZ released updated national accounts data, providing insights into New Zealand's domestic production, income, spending, and saving patterns. The "National accounts (income and expenditure): Year ended March 2025" release includes updated estimates up to and including the year ended…
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Former NZ Financial Advisor Pleads Guilty to Breaching Stop Order
David McEwen, a former financial advisor previously based in Auckland, has pleaded guilty to charges relating to breaching a stop order issued by the Financial Markets Authority (FMA). His sentencing is scheduled for January 14. The FMA had previously issued…
BusinessPolitics and GovernmentLegalAustralasiaFinancial MarketsLaw EnforcementEconomy
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FMA Releases Annual Audit Quality Monitoring Report
The Financial Markets Authority (FMA) has released its latest Audit Quality Monitoring Report, offering a snapshot of its oversight of audit firms. The 2024/25 report aims to help directors and auditors improve audit quality, pointing out both strengths and areas…
BusinessPolitics and GovernmentEnvironmentAustralasiaFinancial MarketsEconomyClimate ChangeLegal
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FMA Releases Annual Report and 'Ease of Doing Business' Survey
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its annual report for the year to 30 June 2025, detailing strategic objectives and core functions. These include an evolving outcomes-focused and intelligence-led approach, deterring harmful unregulated…
BusinessPolitics and GovernmentScience & TechnologyAustralasiaEconomyFinancial MarketsLaw EnforcementArtificial IntelligenceLegal