Financial Markets Authority (FMA)
The NZ regulator that licenses and monitors financial-services providers, including life insurers and FAPs.
Definition
The FMA (fma.govt.nz) is the NZ government regulator for financial-services conduct. It licenses FAPs, supervises insurers under the Conduct of Financial Institutions regime, and enforces fair-dealing requirements around how products are described and sold. Complaints about how a life policy was sold or claimed against go to an external dispute resolution scheme first (IFSO or FSCL), then to the FMA for systemic issues.
See also
- Financial Advice Provider (FAP) — A business licensed by the FMA to give regulated financial advice to retail clients in NZ.
- Insurance & Financial Services Ombudsman (IFSO) — A free external dispute-resolution scheme for complaints against participating NZ insurers and financial-services firms.
- Financial Services Complaints Limited (FSCL) — A free external dispute-resolution scheme for complaints against participating NZ financial-services firms.
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.