Tag: banking
-
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…
-
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…
-
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
-
New Board Members Appointed to Civil Aviation Authority
Associate Minister of Transport James Meager has announced the appointment of three new board members to the Civil Aviation Authority (CAA). The new appointees are Mike Schubert, Peter O’Regan, and Mel Templeton. CAA Board Chair Mark Darrow said the appointments…
Politics and GovernmentBusinessScience & TechnologyTransportationAustralasiaFederal GovernmentEconomyBankingFinancial MarketsDigital and Print Publishing
-
FMA Warns Clients of Former NZ Financial Adviser to Check Bank Statements
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has issued a warning to clients and subscribers of a former New Zealand financial adviser, following complaints of suspected unauthorized credit and debit card payments. The FMA has received complaints…
BusinessLegalFinancial MarketsBankingLaw EnforcementAustralasia
-
Whangārei Police Warn of Fraud After Elderly Couple Loses Thousands
Whangārei Police are urging the public to exercise vigilance following a significant fraud targeting an elderly couple. The couple lost tens of thousands of dollars over the weekend after being contacted about replacing their banking cards. Detective Senior Sergeant Shane…
Law EnforcementSocial Issues Whangāreifraudpolicefinancial crimeShane PilmerEFTPOSbankingNew Zealand Police