Financial Services Federation

Insightful morning at Outlook2025 hearing Minister Andrew Bayly discuss continued plans to invigorate competition and simplify layers of regulation that have led to excessive conservatism in NZ’s financial services sector. As well as combating scams, launching open banking, and looking at governance law and the Companies Act, the spotlight remains on competition: To grow and modernise our economy, he said, innovation and productivity is key, and competition is what drives those things. Thanks Financial Services Council New Zealand

"Struggling home-buyers and owners turning to non-bank lenders": RNZ looks at how specialist lenders have helped bank customers to stop a mortgageee sale, and hold onto their home while they get things get back on track.

New Zealand's specialist lending sector has experienced another year of growth, but not without its challenges. KPMG New Zealand's 2024 Financial Institutions Performance Survey (FIPS) features FSF Executive Director Lyn McMorran CAE discussing the changing landscape, and "green shoots". https://lnkd.in/gJ88Dvva

Congratulations to our fabulous Women in Finance 2024 attendees - thanks to you we raised a whopping $17,000 for Good Shepherd New Zealand and the work they do supporting women in need. This is more than double the amount raised last year. We literally couldn't put on this event without affiliate members Equifax New Zealand (platinum sponsor) and DebtManagers, Alfa Financial Software, Finzsoft Solutions Limited, and Nissan Financial Services Australia (gold). Thank you to you and the other generous brands and companies that donated prizes. We're already excited for next year! #FSFWomenInFinance24

What do national treasure Suzanne Paul and boxing champion Mea Motu have in common? They're both volunteering their precious time to be up for auction at the Women in Finance Charity Luncheon (5 Dec, The Cordis AKL), where you can bid for lunch with one of these formidable women, raising funds for Good Shepherd New Zealand.?Please email [email protected] for last minute tickets. Below are just some of the amazing brands who have donated items. Thank you also to Gold Sponsors Alfa Financial Software, DebtManagers, Nissan Financial Services Australia, Finzsoft Solutions Limited, and our ??Platinum?? sponsor Equifax New Zealand. We are so excited for an afternoon of connection, inspiring stories, and giving back. #FSFWomenInFinance24 https://lnkd.in/gBewwYdD

In partnership with Good Shepherd New Zealand, we are co-designing a Code of Practice to help members recognise the signs of economic abuse, either at loan origination or throughout the life of the loan, and guidance as to how to respond. Next week, Good Shepherd CEO Emma Saunders will speak at the Women in Finance Charity Luncheon in Auckland about some of the powerful stories of women they have helped. Spaces are still available for this special celebration on 5 December at the Cordis, more info here: https://lnkd.in/gBewwYdD #noexcuseforeconomicabuse #FSFWomeninFinance2024

The countdown is on for NZ's biggest celebration of women in financial services. Make connections, support the amazing work of Good Shepherd New Zealand, and hear from our panelists Vittoria Shortt (Chief Executive ASB Bank), Kerry Boielle (Chief Executive TSB New Zealand), and fabulous MC Petra Bagust. We also have exciting prizes up for grabs. Get your tickets to the Women in Finance Charity Luncheon before they sell out at https://lnkd.in/gEkfWsrR #FSFWomenInFinance2024

So great to see several FSF members mentioned in this article about how specialist lenders can offer a more individual, focused service than traditional sources of finance. “Private credit is reshaping lending in New Zealand as more people turn away from banks who can’t and, in many cases, won’t offer mortgage flexibility. As a result a “no” from the bank no longer means “game over”.?“ First Mortgage Trust, Basecorp Finance, Pepper Money ANZ, Avanti Finance

Our Executive Director Lyn McMorran CAE spoke at the new National Strategy for Financial Capability launch today, alongside Retirement Commissioner Jane Wrightson, Kirk Hope (Financial Services Council New Zealand), and Nick Hakes (Financial Advice New Zealand). This document is a call to action for NZ’s financial services ecosystem, with actions to collectively maximise our impact towards creating a more financially resilient nation. Congratulations Te Ara Ahunga Ora Retirement Commission and the national strategy team on your hard work ?? See the strategy here: https://lnkd.in/gRH3nBNT

Banking competition is under the spotlight, see our Executive Director Lyn McMorran CAE highlight how the system could be improved to allow smaller players and specialist lenders to compete, and ultimately provide Kiwis more choice (12 minutes in): https://lnkd.in/gGzyue4z