New Zealand’s 3.168 million KiwiSaver members paid $692 million in fees in 2022, a 6.9% increase from the previous year. These fees - a combination of administration and management charges -  chewed up more than half of members’ investment returns, which this year dropped 90% to $1.3b.

The FMA has presented its report card on KiwiSaver, noting key changes in the past year with a couple of surprises too.

A scrap is brewing between the Financial Market Authority (FMA) and some fund managers about the extent to which the regulator's value-for-money guidance on fees will apply to non-KiwiSaver funds.

AIA, New Zealand’s largest life insurer, has been fined $700,000 for making false and misleading representations to 383 customers and overcharging them a total of $413,465.

MBIE has released two long-awaited consultation papers spelling out the likely rules around incentives for financial institutions under the COFI regime and how much it will cost banks, insurers and non-bank deposit-takers to obtain a licence.

Four panelists at the recent FSC conference give their view on what retirement looks like for each of them personally.

Retirement Commissioner Jane Wrightson is calling for KiwiSaver to be made compulsory and the minimum contribution rate ramped up to 5%.

Seven winners have been named for the Financial Services Council (FSC) 2022 awards.

The latest investor confidence survey shows New Zealanders are pretty upbeat, but that sentiment maybe misplaced.

An overwhelmed public healthcare system in the wake of covid-19 is likely behind a big uptick in membership for the Southern Cross Health Society, according to its CEO, Nick Astwick.

Southern Cross Health reports record membership number, uses surplus to curb premium hikes

Insurers revamp financial adviser agreements which may disrupt some retirement plans.

Time for an action plan to close the gender pay gap, researcher says

Partners Life survey reveals ‘worrying’ ignorance of ACC’s limitations and a low uptake of critical illness cover

The FMA won’t be giving much leeway to fund managers who are promoting and selling ESG products but dragging their feet in bringing their disclosure documents up to scratch.