Tag: financial_advice
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FMA Outlines Regulatory Priorities and Key Findings for Financial Advisers
The FMA's latest update details regulatory priorities, insights from FAP forums, and findings on client asset protection and monitoring. It highlights areas for improvement in vulnerability support, complaints, and disclosure, while also noting good practices.
BusinessScience & TechnologyLaw EnforcementEconomyFinancial MarketsArtificial IntelligenceLegalEducation FMAFinancial AdviceRegulatory PrioritiesClient AssetsConsumer ProtectionNZ Financial Markets Authority
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FMA Review Urges Stronger Oversight for Client Asset Protection
A new FMA review highlights the need for improved oversight, governance, and reporting by financial advice and discretionary investment management providers to better protect client assets and enhance investor confidence, despite general compliance.
BusinessPolitics and GovernmentEconomyFinancial MarketsLegalGeneral Politics Financial Markets AuthorityClient AssetsFinancial AdviceInvestment ManagementRegulatory ReviewOversightNZ Financial Markets Authority
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Financial Advice Sector Sees Strong Growth, Digital Services Surge
New FMA report reveals a 10% rise in financial advice providers and a 90% surge in digital advice clients, alongside challenges with data accuracy.
BusinessFinanceLaw Enforcement Financial AdviceDigital AdviceFMARegulatory ReturnsConsumer OutcomesMarket TrendsFinancial ServicesNZ Financial Markets Authority
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New Zealand's Financial Advice Sector Sees Growth, Faces Scams and Misconduct
The FMA reports an 8.4% increase in financial advisors, totaling 9,184, and a 90% surge in digital advice usage. However, the sector is grappling with rising scams and fraudulent activities, prompting increased vigilance.
BusinessPolitics and GovernmentLegalScience & TechnologyFinancial MarketsEconomyFederal GovernmentComputers and InternetSocial Issues Financial AdviceFinancial Markets AuthorityFMAScamsFraudRegulatory ReturnsInvestmentNZ Financial Markets Authority