Law & Regulation

FMA fears ‘ugly confluence’ in wholesale property investments

Pattrick Smellie
Tue, 26 Oct 2021

FMA fears ‘ugly confluence’ in wholesale property investments
Social media is not FMA CEO Rob Everett's go-to for investment decisions. (Image: Supplied)
Pattrick Smellie
Tue, 26 Oct 2021
The outgoing head of the Financial Markets Authority (FMA) suspects many property investments advertising high yields to wholesale investors haven’t performed as well as they claimed they would.In an exit interview as he prepares to leave the financial market watchdog after seven years in the role, chief executive Rob Everett told BusinessDesk that they're "about to kick off a big piece of work very soon” in the area of wholesale investment offers to target so-called ‘sophisticated’ investors.“Our fear is...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
NATO holds its most important summit in generations
The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

The $200m question: funding free public transport in Auckland
Oliver Lewis | Mon, 27 Jun 2022

A new report outlines four possible solutions to a $200m question.

China’s Economy Improves in June From Lockdown-Induced Slump
Bloomberg | Mon, 27 Jun 2022

Relaxation of covid restrictions helped revive China's economy in June, but the housing sector remains sluggish, metal prices are down and consumers are wary about venturing out to shop.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.