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Viewing entries tagged with 'FMCA'

FMA consultation for participant schemes launched

18 January 2017

FMA consultation paper on Financial Markets Conduct Act 2013 (FMCA): Requirement for managers of multiple participant schemes to register participation agreements. Deadline March 17. More>

FAA licensing deadline Thursday

30 November 2016

The process of licensing of fund managers is coming to an end and next up with be an even bigger job, the second round for financial advisers. Goodreturns.co.nz.  More>

FMA gets set for new regime

18 November 2016

An increase in funding for the Financial Markets Authority brings with it a heightened need for transparency about how it allocates resources, its director of regulation says. Goodreturns.co.nz. More>

Workers still have savings options outside KiwiSaver

3 November 2016

KiwiSaver may have cornered the market on retirement savings in New Zealand, but other non-KiwiSaver super schemes are still being used as a staff perk by some businesses. Stuff.co.nz. More>

Green light for post-FMCA ROPS

2 November 2016

The industry had been waiting for an FMCA amendment that would allow ROPS providers to align their schemes' requirements with the withdrawal rules of UK pension funds. Goodreturns.co.nz. More>

Advice may be missing as schemes wound up

2 November 2016

There are concerns some members of superannuation plans that are being wound up ahead of the introduction of the Financial Markets Conduct Act are not getting enough advice on what to do with the resulting windfalls. Goodreturns.co.nz. More>

FMCA a big blow for workplace super

23 September 2016

Only the biggest non-KiwiSaver workplace superannuation savings schemes are likely to survive the knock-out punch of December 1’s impost of new regulations, financial law experts claim. Goodreturns.co.nz. More> 

Performance fees' days may be numbered

17 August 2016

More fund managers may follow Forsyth Barr’s lead and drop performance fees, as the Financial Markets Conduct Act regulations kick in, it has been claimed.