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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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Passing of FSLAB a landmark moment for Industry

8 Apr 19 - The Financial Services Council (FSC) has welcomed the passing of the Financial Services Legislation Amendment Bill (FSLAB) through Parliament as a landmark moment for the New Zealand financial services industry.

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Record numbers attend Navigating Regulation Advice Summits

21 Mar 19 - The Financial Markets Authority (FMA), Ministry of Business, Innovation and Education (MBIE) and the Financial Services Council had close to 1400 registrations for the four Navigating Regulation Advice Summits in March 2019.

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2019 FSC and WSNZ Annual Conference Launched

12 Feb 19 - The 2019 Financial Services Council and Workplace Savings NZ annual conference has been launched today as Super Earlybird tickets go on sale for one of the industry’s flagship events.

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Financial Services Council - Industry acting on culture and conduct report

29 Jan 19 - The Financial Services Council welcomed the release of the Financial Markets Authority (FMA) and Reserve Bank of New Zealand (RBNZ) report on Life Insurer Conduct and Culture today and will work with its members in the sector to act on its recommendations.

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Consultation on Phase 2 of the Reserve Bank Act Review

18 Jan 19 - This submission is from the Financial Services Council of New Zealand Incorporated (FSC) on the Reserve Bank of New Zealand’s Phase Two consultation of the Reserve Bank Act Review.

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Major regulation changes ahead - over 700 already registered

15 Jan 19 - Over 700 financial advisers and industry specialists signed up to the 2019 Navigating Regulation Advice Summits over the holiday period. Richard Klipin, CEO of the Financial Services Council, said “There is major change ahead that will affect everyone that gives any form of financial advice to New Zealanders. ​​​​​​​The Navigating Regulation Advice Summits is the place to find out what advisers need to do to keep on the right side of the upcoming regulations.”

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Financial Services Council - Five steps towards wellbeing in 2019

8 Jan 19 - The Financial Services Council watched with interest the New Zealand Government’s Wellbeing Budget announcements at the end of 2018, providing a new lens on implementing social and environmental wellbeing measures together with economic ones.

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Research reveals true contribution of NZ financial services industry

12 Dec 18 - New research released by the Financial Services Council has revealed the true contribution of the broader financial services sector to New Zealand’s economic wellbeing.

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Navigating Regulation Advice Summit 2019 launched

10 Dec 18 - The Financial Services Council, the Financial Markets Authority and MBIE today launched the 2019 Navigating Regulation Advice Summits which will be held across New Zealand in March.

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Financial Services Council goes from strength to strength

4 Dec 18 - The Financial Services Council (FSC) held its 2018 Annual General Meeting (AGM) last week and reported strong growth across its activities.

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Consultation on proposed open-ended term for FMCA licences

28 Nov 18 - The Financial Services Council (FSC) submitted a response to the Financial Markets Authority on the proposed open-ended term for Financial Markets Conduct Act (FMCA) licences.

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KiwiSaver, The Future of Tax and Code of Conduct submissions

14 Nov 18 - The Financial Services Council has recently provided submissions to the New Zealand Government in three areas over the past week.

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Culture and Conduct Report into Retail Banks an important step

5 Nov 18 - The Financial Services Council (FSC) has welcomed the release of the culture and conduct report into retail banks by the Financial Markets Authority (FMA) and Reserve Bank New Zealand (RBNZ) as an important step forward for the financial services industry.

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Consultation on the Financial Adviser Code of Conduct

2 Nov 18 - The Financial Services Council organised a morning consultation session with the The New Zealand Government's Code Working Group.

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The Future of Tax: Insight from the Tax Working Group

25 Sep 18 - Presentations now available from The Future of Tax Breakfast Event held on 10 October 2018 The Tax Working Group (TWG) has been established by the Government in order to examine further improvements in the structure, fairness and balance of the tax system, the Future of Tax in New Zealand. The Tax Working Group issued the Future of Tax interim report on 20 September 2018. Read more to view the presentations and for information about similar events in Wellington.

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Shaping Futures National Conference 2018

10 Sep 18 - The second Financial Services Council and Workplace Savings NZ joint national conference attracted close to 400 people over the two days. The speakers were of an extremely high calibre, and over the conference we launched the FSC Code of Conduct and a new report Shaping Futures, Closing the KiwiSaver Gap. There are a number of photographs available on our Facebook page, and we will be uploading the videos from the two-days over the coming week or so. The Voice of Hope wall raised an astounding $8,080, with the Financial Services Council donating a further $7,000 - bringing the total to $15,080. Thank you for your amazing contributions! If you would still like to donate, you can do so via their Givealittle page. We will update you via Your Wealth when new materials from the conference are available.

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FSC launches KiwiSaver Research Recommendations

6 Sep 18 - The Financial Services Council has today released a new report, ‘Shaping Futures: Closing the KiwiSaver Gap’, which sends a clear message to government, industry and consumers that combined action is needed to close the KiwiSaver gap in New Zealand. The report is based on three significant pieces of research commissioned by the FSC with responses from over 2,100 New Zealanders and carried out by Horizon Research –‘Generation KiwiSaver’, ‘Growing the KiwiSaver Pie’, and ‘Great Expectations – Retirement Realities for Older New Zealanders’.

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Financial Services Council launches new Code of Conduct

5 Sep 18 - On the eve of its national conference, the Financial Services Council (FSC) has launched a new set of standards and guidance for its members, the FSC Code of Conduct. Developed over two years by FSC members, the Code of Conduct is designed to build the professionalism of the industry by reinforcing the need for good conduct and a strong consumer-focussed culture. As a living code, FSC members will work to develop best practice and guidance for the Code’s nine standards, which fall into three core objectives covering ethical, communication and consumer outcomes. It will come into force on 1 January 2019.

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Asia Region Funds Passport Industry Day: 21 September

4 Sep 18 - In September, fund managers and regulators from across the Asia Pacific region will arrive in New Zealand in preparation for the launch of the Asia Region Funds Passport (ARFP). The Financial Services Council, in conjunction with the Financial Markets Authority, is running an ARFP Industry Day on 21 September from 09.00 - 13.30. 

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Keep up-to-date and 5 Fast Facts

30 Aug 18 - Check-us out on twitter @FSC__NZ to keep up-to-date during and after conference, and read our Five Fast Facts about Shaping Futures 2018. Registration closes on 31 August at shapingfutures.co.nz, and there are just a few spaces left.

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New for 2018: Pre-reading for the Conference Workstreams

23 Aug 18 - It’s always great when we get healthy debates at the conference, so, new for 2018, please find links to insight, providing national and global perspectives for each of the three Workstreams at Shaping Futures.

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Only 25 spaces left for the Shaping Futures National Conference! New for 2018 - check out Tech Alley

17 Aug 18 - This year we are launching Tech Alley at the Shaping Futures National Conference. This initiative will showcase the best of NZ FinTech, InsurTech, EduTech and RegTech. Some will be pitching their products at a new ‘Pitch Perfect’ Breakfast Masterclass on Thursday 6 September, with the winner taking to the main platform for a 10-minute spotlight session later in the day. ​​​​​​​You can register to attend this breakfast by clicking here. This is included as part of your conference ticket. Proudly sponsored by Minter Ellison Rudd Watts 

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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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Financial Services Council builds momentum – new Board appointed

6 Dec 17 - Financial Services Council Media Release: The Financial Services Council held its 2017 AGM this week and reflected on a superb 12 months. 

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Financial Services Council Annual Report 2017

6 Dec 17 - Financial Services Council: Annual Report 2017 click here

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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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FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'

18 Oct 17 - Interest: Guidance the Financial Markets Authority (FMA) has provided on New Zealand's wholesale interest rates market is being hailed as an approach other jurisdictions would do well to follow.

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FMA KiwiSaver Annual Report 2017

17 Oct 17 - FINANCIAL MARKET AUTHORITY: The 2017 KiwiSaver Annual Report outlines the continued growth of KiwiSaver, as well as our push to make sure members have the resources for making the best decisions about their investment.

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KiwiSavers' tax bill equal to property investors', tax expert says

17 Oct 17 - STUFF: KiwiSaver members copped a $166 million tax bill on their $40 billion in investments over the past year – and it's being held up as an example of New Zealand's unfair tax system.

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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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NZ economy, financial system remain sound

2 Oct 17 - Insurance Business NZ: New Zealand’s economy and financial system remain on a sound footing, despite continuing challenges in the global environment, according to the Reserve Bank’s latest annual report.

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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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Navigating Change conference an outstanding success!

12 Sep 17 - The joint Financial Services Council and Workplace Savings NZ, Navigating Change conference was a sell-out success.

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Growing the KiwiSaver Pie

12 Sep 17 - Financial Services Council : Growing the KiwiSaver Pie A sustainable income policy is critical for New Zealand. As the voice of the financial services industry, and recognising that it has now been ten years since KiwiSaver was launched, we commissioned this research to find out what New Zealanders want from government and the industry.

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Congratulations to the Financial Services Council Award Winners

12 Sep 17 - Financial Services Council Award Winners Rising Star Award – Mark Daniels, Fidelity Life  For an individual who has shown tangible growth and development over the previous 12-months, making a real difference to the industry while early in their career. Innovation Award – Rachael MacDonald, AMP Financial Services NZ  For an individual who has proactively taken the initiative to lift professionalism in the industry by addressing a big industry issue or industry challenge. Shaping the Future Award – Russell Hutchinson, Chatswood Consulting  For an individual who has consistently demonstrated industry leadership, proactively advocating for market change and a future focus. Diversity Award – Ana-Marie Lockyer, ANZ  For an individual who walks the talk when it comes to diversity. A person who is passionate about making a difference on any aspect of diversity both within and beyond the workplace. Congratulations to all the award finalists and winners.

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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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Navigating Change conference ONLY 20 SPACES LEFT - BOOK NOW!

7 Aug 17 - Financial Services Council and Workplace Savings NZ are pleased to announce that their joint inaugural national conference is selling out quickly... LIMITED SPACES AVAILABLE, SO DON'T DELAY Navigating Change Conference 7-8 September 2017 Hilton Hotel Auckland For booking and more information visit the conference website www.navigatingchange.co.nz

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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
     

Contact Us

+64 (09) 985 5762
fsc@fsc.org.nz
Level 33, ANZ Centre
23-29 Albert Street
Auckland 1010
New Zealand