close
MENU
General Business
3 mins to read

FMA hits back at censured KiwiSaver provider’s claims

Aurora Financial was found to have misled potential and existing clients about returns – yet claimed this did not impact customers.

FMA executive director of enforcement and response Paul Gregory.

The Financial Markets Authority has rejected claims from a financial advice provider that its misleading of existing and potential clients about returns did not have any impact on them.

Yesterday, the FMA censured Aurora Financial Group after it materially contravened two market services license

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Hamish McNicol Thu, 11 May 2023
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
FMA hits back at censured KiwiSaver provider’s claims
General Business,
99004
true