Show Notes
In this edition of 5 mins with the FMA Head of Financial Advice Romil Ghelani speaks to Heidi Norman about the Financial Advice Review. Regulatory Returns data signals a healthy financial sector. This is the first time the FMA has collected a comprehensive snapshot of the financial advice sector since the new Financial Advice regime came into effect in March 2023. This data is derived from the 2024 Financial Advice Provider regulatory returns and provides valuable insights into w...
More from New Zealand's Financial Market's Authority Podcasts
Who actually owns your investments? In this episode Jess is joined by FMA Head of Financial Advice Romil Ghelani and Director of Reporting, Markets and Investments John Horner to unpack investment ownership, custody risk and the protections around client money and assets. They explain the difference between market risk and custody risk, the role of an independent custodian, why investor assets are generally kept separate from a provider’s own money, and what investors can check fo...
KiwiSaver is one of the biggest investments many New Zealanders will ever have, but how often do we stop to check whether it’s working for us? In this episode of Occasional Conversation, FMA’s Paul Patton is joined by Emelie Jensert, Head of Investment Management, and Philip Stevens Chief Economist to unpack the FMA’s KiwiSaver Annual Report 2026. They discuss what the latest figures tell us about the growth of KiwiSaver, record contributions and withdrawals, first-home withdrawals, s...
In this episode, Hannah Chapman (Ngāti Tūwharetoa) references a story that has been shared with permission by Professor Rebecca Bednarek (Te Herenga Waka—Victoria University of Wellington). The Matangirua team acknowledge Professor Bednarek for her manaaki in sharing insights from her research [National Hazards Commission, Biennial Research Grant, 4535]. The FMA has published Experiences of tangata whenua with insurances, new research exploring how Māori experience the insurance system in A...
Join FMA Chief Executive Samantha Barrass as she shares an overview of the Financial Conduct Report (FCR) and what it means for the year ahead. The Financial Conduct Report sets out the FMA’s regulatory priorities for the next 12 months, highlighting the key risks and opportunities we see across financial markets and how we plan to respond. It also reflects on the progress made over the past year to support better outcomes for consumers, investors and businesses. In this episode, Sam di...
Join Michael Hewes, Director of Deposit Taking, Insurance and Advice, as he discusses the risks incentives can pose to fair consumer outcomes. Why non‑monetary benefits and sales campaigns can create conflicts of interestWhat insurers need to consider under CoFI and Fair Conduct ProgrammesWhere the FMA is seeing gaps in incentive design, governance and oversightListen now for a practical overview. Read the full paper here: Insurer benefits and campaigns insights