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FSC 2016 Annual Report published

23 Sep 16 - The Financial Services Council has publsihed its 2016 annual report. Major activities include Contributing to the Government’s five-year review of the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and explorintg integration with Workplace Savings New Zealand. 

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Neil Quigley to chair RBNZís board of directors

28 Sep 16 - Neil Quigley has been elected chair of the Reserve Bank of New Zealand’s board of directors, replacing Rod Carr who is leaving early. Carr’s term was set to end next July, but he advised the board he would not seek re-election, so stood down, with Quigley’s term as chair officially beginning last Friday. BusinessDesk.
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Test your KiwiSaver knowledge

27 Sep 16 - As part of Stuff.co.nz's coverage leading up to this year's Workplace Savings New Zealand conference, we're testing New Zealanders' knowledge of KiwiSaver. A lot is riding on how you decide to invest, and how much attention you pay to your savings - a mistake can be very expensive. 
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Latest Trends

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Steep decline in investor lending

28 Sep 16 - New Reserve Bank mortgage lending data leaves little doubt that the new investor-targeted LVRs have had a significant impact on bank lending to investors - lending to Auckland landlords dropped by almost 20%. Goodreturns.co.nz.

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Advisers a small number of IFSO complaints

28 Sep 16 - Just eight of the Insurance and Financial Services Ombudsman’s complaints over the past year related to financial advisers – and none were upheld. Goodreturns.co.nz.

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Latest News

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Employers can use KiwiSaver as tool to attract and retain staff

26 Sep 16 - There are few businesses in New Zealand who do not have something to do with KiwiSaver. With more than 2.5 million people in the scheme after almost 10 years in operation, managing contributions has become as much a part of life as dealing with PAYE and GST. Stuff.co.nz.

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Minister refuses to release KiwiSaver advice

25 Sep 16 - The Minister of Commerce Paul Goldsmith has refused to publicly release legal advice on KiwiSaver funds investing in controversial arms companies. In response to an Official Information Act request for advice he'd received, Mr Goldsmith said he was withholding the full details to maintain professional privilege.

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Latest Comments

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The Government needs to get involved in helping to provide a level playing field for entrants into the housing market

28 Sep 16 - The latest calls by the Property Institute for first home buyers to be exempt from LVR restrictions fall into the usual category of such comments; well intended but naive and simplistic. Interest.co.nz.

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Craig Simpson finds the lack of KiwiSaver options for socially responsible investors means comparisons are difficult and focus on short term returns

13 Sep 16 - Numerous studies conclude there is no discernible difference in the risk and return profile between a socially responsible fund and a mainstream fund. In some cases, the performance of socially responsible funds outperforms mainstream funds. Interest.co.nz.

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About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand. It has 21 investment and life insurance members and 18 associate members. 

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Contact us

Ph: +64 (0) 9 632 1131 

Email: fsc@fsc.org.nz

PO Box 99581 Newmarket
 Auckland

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