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KiwiSaver

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FSC enjoys a solid year of growth despite challenges

28 Oct 20 - The Financial Services Council (FSC) has seen a solid year of member growth and increased revenues, the organisation announced at its 2020 Annual General Meeting today. In a year of two halves, members of the Financial Services Council have worked together to support consumers through COVID-19 and the development of the financial sector in New Zealand.

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Financial Resilience Index August: Tracking wellbeing and money

15 Oct 20 - The Financial Resilience Index is a tracking survey of New Zealanders’ views on five key financial resilience indicators carried out by CoreData. The first rounds of the Index looked at how these views changed from March 2020 to April 2020 and this third and final round was collected between 6-7 August 2020. A total of 1,000 valid complete responses were collected in the August round. The sample is representative of the New Zealand consumer population in terms of age, gender and income based on the latest Stats NZ data.

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FSC Generations Conference Launches Digital Platform For 2020

17 Sep 20 - The FSC has announced the launch of the first ever, digital version of its flagship, industry leading Generations Conference on October 13, 14 & 15. The decision was made to move to a digital format due to ongoing COVID-19 restrictions.

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Covid-19: FSC News, Updates and Connect Webinars

12 Aug 20 - The Financial Services Council has issued advice on both KiwiSaver/Investments and Life Insurance as the Coronavirus (COVID-19) continues to escalate.

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Money & You - Financial Advice? The $1.5 Million Question

11 Aug 20 - New research commissioned by the Financial Services Council has found that New Zealanders’ reluctance to seek financial advice is coming at a significant financial and personal cost. The second in a three part research series looking at New Zealanders’ relationship with money, ‘Money and You – Literacy, Insight & Advice’ surveyed 2000 Kiwis to understand why New Zealanders don’t seek help with their finances and to unlock the myths about what good support means and how it reduces financial stress.

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It’s not about the money – Kiwis’ tricky relationship with their finances

16 Jun 20 - It’s not about the money – Kiwis’ tricky relationship with their finances revealed New research commissioned by the Financial Services Council provides a unique look at New Zealanders’ relationship with money and how it affects their decisions and wellbeing. The first in a three part research series, the research, surveyed 2000 Kiwis to get a comprehensive understanding of how New Zealanders feel about money, their level of knowledge about it, and how it impacts key areas of their lives.

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Financial Resilience Index: Tracking wellbeing and money worries

25 May 20 - COVID-19 delivers unprecedented hit to Kiwis’ financial resilience The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing. The Financial Resilience Index tracks how Kiwis feel on five key financial indicators from March 2020 onwards and provides a unique perspective on how we feel and think about financial issues over this unprecedented time.

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Get In Shape Advice Summits 2020 wrap, videos and presentations

20 Feb 20 - On behalf of the co-hosts, a huge thank you to our speakers, marketplace stallholders and everyone that joined us at the Advice Summits. It was amazing to see so many of the advice community coming together and looking forward to the future of financial advice in New Zealand.

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Super Earlybird tickets launched for Generations Conference 2020

18 Feb 20 - A warm welcome to Generations, the theme for the 2020 Financial Services Council Conference on the 9th and 10th September 2020 at the Pullman Hotel in Auckland.

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Outlook 2020 Event: Read the keynote speech from Rob Everett FMA CEO

4 Feb 20 - Outlook 2020 with Rob Everett was the first major event of the year for the Financial Services Council, and it was great to hear about the priorities of the Financial Markets Authority in 2020.

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Latest Research - Gambling on Life: The Problem of Underinsurance

23 Jan 20 - New research commissioned by the Financial Services Council (FSC) has revealed the high number of New Zealanders that are underinsured when it comes to their lives, their incomes or suffering a major illness.

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Minister Faafoi to open 2020 Get In Shape Advice Summit

16 Jan 20 - The Minister of Commerce and Consumer Affairs, Hon Kris Faafoi, will be opening the Get In Shape Advice Summit Series in Wellington on 11 February 2020.

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Breakfast Event: Outlook 2020 with Rob Everett from 7.45am in Auckland

17 Dec 19 - You are invited to join us on Tuesday 4 February 2020 for a breakfast event in Auckland to hear from Rob Everett, the Chief Executive of the Financial Markets Authority.

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Get In Shape Advice Summits 2020 Launched in four locations

28 Nov 19 - .

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Moments of Truth – the role of life insurance in Kiwis lives revealed

12 Sep 19 - New research commissioned by the Financial Services Council (FSC) has revealed New Zealanders views of life insurance and the vital role it plays in their lives.    Moments of Truth takes a deep-dive look at exactly what Kiwis think of the sector, their experiences of it, and how they engage with life insurance products. The research is the second in a series on life insurance following the release of the Risking Everything report by the FSC earlier in the year.   

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New Zealand’s trillion dollar KiwiSaver challenge - report Kiwisaver 2050

10 Sep 19 - The Financial Services Council (FSC) has today released a new discussion paper, KiwiSaver 2050: Pathways to the Future, aimed at kickstarting a conversation about how New Zealand can make the most of the nearly trillion dollar opportunity that KiwiSaver will present in 2050 and beyond.

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Towards Wellbeing Emerging Leaders Programme Launched

31 Jul 19 - The Financial Services Council (FSC) has launched an exciting new Emerging Leader Programme to help nurture, support and grow talent across the sector. The programme is designed for financial services professionals that are demonstrating outstanding commitment and want to expand their experience, knowledge and networks.

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FSC appoints expert Disciplinary Committee to uphold Code of Conduct

25 Jul 19 - The Financial Services Council (FSC) has announced the appointment of an expert Disciplinary Committee to oversee the application and enforcement of the new FSC Code of Conduct.

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Kiwis gamble on financial risk: New research launched into risk

11 Jun 19 - New research commissioned by the Financial Services Council (FSC) has revealed many New Zealanders are taking a high stakes gamble on managing risk. The research ‘Risking Everything’ carried out by Horizon Research looked at New Zealanders attitudes to financial risk and how they protect their wealth should the worst happen.

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KiwiSaver tax confusion a timely reminder says the Financial Services Council

6 Jun 19 - The announcement yesterday regarding the many KiwiSaver members on the wrong Prescribed Investor Tax Rate (PIR) is a timely reminder to all of the importance of engaging with the details of their KiwiSaver scheme, says the Financial Services Council.

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Workplace Savings NZ merges with the Financial Services Council

15 May 19 - Workplace Savings NZ and the Financial Services Council today announced a merger into one single organisation under the Financial Services Council banner from 1 July 2019, creating a membership association of close to 80 organisations.

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Risking Everything - An insight into how New Zealanders manage risk

14 May 19 - Risking Everything: Join us for the launch of our latest research You are invited to join us on Tuesday 11th June 2019 from 7.30am in Auckland for the launch of Risking Everything, the latest research undertaken with over 2000 New Zealanders by Horizon on behalf of the Financial Services Council. It delves into how New Zealanders think about risk, how they think about mitigating it and how they manage the potential impacts.

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KiwiSaver Pie grows to $58.53bn, average balance grows to $19,246

13 May 19 - Latest figures published today show that KiwiSaver assets have grown to nearly $58.53bn. Over the last quarter (to the end of March 2019), the KiwiSaver pool has grown $1.26bn, 16.5% over the past year.

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Voices of Hope: Shaping Futures National Conference Charity Partner, 2018

14 Aug 18 - With less than a month to go until the industry National Conference this year, Shaping Futures, on 6/7th September 2018, the Financial Services Council (FSC) and Workplace Savings NZ (WSNZ) are proud to support Voices of Hope as the charity partner for the event. The charity was founded in 2014 by Genevieve Mora and Jazz Thornton, both being mental illness survivors. The aim is to provide hope for those struggling with mental health issues by promoting mental well-being, empowerment and recovery. Voices of Hope are running four key campaigns, #EATINGDISORDERS, #CHOOSETOFIGHT, #ITSNOTWEAKTOSPEAK and #ICHOOSEHOPE. There are a wealth of resources, stories and videos to help those concerned about mental health for themselves or those around them at thevoicesofhope.org. We will be fundraising for the charity throughout the conference, or you can donate now at givealittle.co.nz/org/voices-of-hope. For more information about Voices of Hope see thevoicesofhope.org and the conference at shapingfutures.co.nz.

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Don't miss out on the professional development event of the year! 34 days to go.

2 Aug 18 - Join us next month for the Financial Services event of the year! One conference across two days, with over 60 speakers, this event is not to be missed! The Financial Services Council and Workplace Savings NZ are co-hosting this annual conference. Shaping Futures conference 6-7 September 2018 Pullman Hotel, Auckland Only 5 weeks to go , so register today! For programme details and to register visit the Shaping Futures website www.shapingfutures.co.nz

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Financial Services Council research delivers a wake-up call for Generation KiwiSaver

4 Jul 18 - Younger New Zealanders are increasingly reliant on KiwiSaver as their main source of income when planning for retirement and that means a wake-up call when it comes to financial planning, according to new research commissioned by the Financial Services Council (FSC).

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Entries are now open for the Financial Services Council Awards and the Workplace Savings NZ awards!

25 Jun 18 - Celebrating good consumer outcomes and industry conduct, the annual Financial Services Council and Workplace Savings NZ awards showcase excellence in the financial services industry, aiming to inspire innovation and change. The Financial Services Council awards celebrate individuals who are truly making a difference for the financial services industry and the broader NZ community: Rising Star Award Innovation Award Shaping the Future Award Diversity Award The Workplace Savings NZ awards showcase communications that are driving better consumer outcomes.  Product Disclosure (PDS) of the Year Award Most Innovative Communication Award Best Overall KiwiSaver Member Experience Award Excellence in Communication Award Join us at the Gala Dinner to recognise those who are leaders in our changing industry, and to learn how we can all make a difference. For more information and to enter/nominate visit www.shapingfutures.co.nz 

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Advice at the Crossroads breakfast event - Tuesday, 26 June 2018

21 Jun 18 - Financial Services Council (FSC) is proud to present their upcoming breakfast event, Advice at the Crossroads on Tuesday, 26 June 2018. A few tickets remain.Book now to secure a place.

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Book Now! Early bird registration for Shaping Futures conference closes 30 June 2018

21 Jun 18 - Just over a week until the Shaping Futures conference earlybird specials expire on 30 June 2018, Book now and save. Avoid disappointment and book your tickets today!

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Navigating Regulation Advice Summit

6 Dec 17 - YouTube:  Video Link For those of you who couldn't join us on the day, or for those of you who would like to go over some of the content again, you can click here to be taken to the Financial Services Council YouTube page.

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New survey shows KiwiSavers back Responsible Investment

6 Dec 17 - Business Scope: Westpac Press Release: Almost half of KiwiSavers want to know more about where their funds are invested and two out of five prefer to have their money in companies making a positive difference, according to new research by Westpac NZ. The findings come as the bank puts in place …

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Retirees rely on state pension as savings run out

6 Dec 17 - NZ Herald: Most retirees will use up their savings in just 10 years and rely solely on the state pension after that, a new research suggests.

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Great Expectations: Retirement realities for older New Zealanders

6 Dec 17 - Since 2010 the Financial Services Council (FSC) has been researching what it is like, and what it could be like, for New Zealanders when they retire: what wealth they have, how they could build it further to live comfortably in retirement. This is the second of three 2017 commissioned pieces of research seeking to understand Kiwis’ attitudes to retirement savings.

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Reserve Bank of New Zealand : Annual Report 2016

2 Oct 17 - RBNZ :  Governor's statement The Bank has been active on many fronts. The global economy and financial markets have been challenging for monetary policy, the Bank has an intensive programme of work in respect of prudential oversight and macro-prudential policy; and it also has more major operational projects underway than in recent years.

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FMA warning: Woman loses $7k in online trading scheme

2 Oct 17 - New Zealand Herald: A Bay of Plenty woman has been left $7000 out of pocket after she invested money in a scheme advertising itself as "make easy money from home".

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Reserve Bank of New Zealand – Insurance Industry Update September 2017

2 Oct 17 - Reserve Bank of New Zealand: It has been a few months since our last update in May 2017 and work has progressed on a number of key projects and initiatives around the business-as-usual supervisory framework.

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NZ dollar little changed after mixed US data; election hiatus continues

2 Oct 17 - NZ Herald: The New Zealand dollar, which has shed about 1.5 per cent since the September 23 election, was little changed after mixed US data gave few clues to the pace of Federal Reserve monetary policy changes.

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FMA publishes annual report 2017

2 Oct 17 - FMA: The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment.

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Many KiwiSaver members don't understand how credits work

12 Sep 17 - Stuff : Each year the Government offers free money. But some people still don't know what it is or how to claim it. A member tax credit (MTC) of $521 is available to all KiwiSaver members, aged 18 to 65,  who contribute at least $1042 into their accounts each financial year. They do not have to do anything else to claim it – KiwiSaver providers handle the process of getting the money into their accounts.

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Labour, National agree on KiwiSaver freedom

12 Sep 17 - Investment News New Zealand : Labour, National agree on KiwiSaver freedom: ​​​​​​​KiwiSaver compulsion – soft or otherwise – appears to be off the mainstream agenda in the latest political cycle with both major parties downplaying the prospect of any substantial changes to the savings regime.

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Celebrating success in the financial services industry, we're excited to bring you the industry awards.

21 Jul 17 - Navigating Change Conference 7-8 September 2017 Hilton Hotel Auckland Financial Services Council and Workplace Savings NZ are proud to celebrate success in the financial services industry. In our joint and inaugural national conference, we're excited to bring you the industry awards. This is a great opportunity to celebrate and showcase excellence and give us all a chance to celebrate success, learn from our peers and find ways to deliver great consumer outcomes within the financial services industry. Nominations open for Financial Services Council members and Workplace Savings NZ members. For more information and to submit an award nomination www.navigatingchange.co.nz

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FMA keen to see personalised robo-advice enabled in New Zealand sooner than the law would otherwise allow

21 Jul 17 - Interest.co.nz: By the end of the year, you may be able to plug in information about your financial situation to an approved computer programme, and have personalised advice spouted back out at you. The Financial Markets Authority (FMA) is proposing to use its powers to enable firms to provide personalised robo-advice at least a year before a pending law change is expected to allow this.

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Get Sorted: The risks we run in our working lives

11 Jul 17 - NZ Herald: Don't you just love it in the movies when some fearless, flinty-faced hero (or perhaps one with a cape and a mask) grunts that there are "worse things than dying"? It's typically the all-or-nothing moment as we head towards a white-knuckle finale.

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FMA seeks feedback on robo-advice exemption

10 Jul 17 - Financial Markets Authority: The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament.

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Licensing overview: what the FMA found and what firms need to know

26 May 17 - Financial Markets Authority: Common issues, hints for new applicants and a guide to the Financial Markets Authority’s (FMA) future focus are included in a review of the regulator’s first two and a half years of licensing.

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Get Sorted: Why KiwiSaver balances go up... and down

17 May 17 - New Zealand Herald: Quick question: what's the difference between a savings account and a KiwiSaver account? Short answer: when you put money in, the first always goes up, but the other goes up and down. That's no small thing. ​​​​​​​

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KiwiSaver hits $40b, but balances stay low

17 May 17 - New Zealand Herald: Strong investment growth has boosted the value of KiwiSaver to over $40 billion but individual balances remain low for many despite the scheme running for nearly 10 years. Figures from Australian research firm Strategic Insight show total KiwiSaver funds hit $40.651 billion at the end of March, up from $38.416b as of December 31.

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RBNZ: Insurance Industry Update May 2017

11 May 17 - Reserve Bank of New Zealand: The purpose of the Insurance Industry Update is to keep licensed insurers informed of current initiatives and to provide clarification on licensing, supervision, compliance requirements and related matters. The update is prepared by the Reserve Bank’s Insurance Oversight Team. It is not policy or legal advice in itself and should not be interpreted in isolation.

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FMA: KiwiSaver trial to target decision-making a decade out from retirement

11 May 17 - Financial Markets Authority: The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old.

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Diana Clement: More to income protection than just ACC

11 May 17 - New Zealand Herald: Worth seeking advice from financial adviser who specialises in insurance.

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About Us

The Financial Services Council is a non-profit member organisation and the voice of the financial services sector in New Zealand. Learn more
     

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