Financial Markets Authority

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IAG NZ faces FMA civil action over systemic pricing and discount failures

April 4 2025

The regulator alleges IAG breached fair dealing provisions under the FMCA, resulting in overcharges of around NZ$35m (US$20m).

new-zealands-vero-penalised-record-nz3-9m-for-discount-failures

New Zealand's Vero penalised record NZ$3.9m (US$2.31m) for discount failures

October 12 2023

The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers

new-zealands-financial-markets-authority-releases-broker-and-agent-related-guidance-to-ensure-fair-treatment-of-customers

New Zealand's regulator releases broker and agent-related guidance to ensure fair treatment of customers

June 26 2023

NZ's FMA released new guidance to help financial institutions ensure fair treatment of consumers when distributing products and services through intermediated channels.

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