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Major banks and insurers now report regularly to the FMA and the Reserve Bank on how they are treating their customers, and the reviews led to the creation of the Financial Markets (Conduct of Institutions) Amendment Bill, which will require banks and insurers to treat customers fairly if they wish to keep their licences to do business. Under Everett, the FMA concluded cases against finance company directors whose companies had failed and wiped out the savings of many older investors. The FMA also cracked down on overseas companies using the Financial Service Providers Register to pretend...

Departing boss 'an outstanding leader' says FMA chair.

Rob Everett has headed up the Financial Markets Authority for seven years.

The 'Chalk Pit'. Image: Ian Capper via geograph.org Plans to redevelop the 'Chalk Pit' site on College Road in Epsom have been met by a fierce backlash from residents in the area after they were submitted last month. A petition titled 'Stop the Epsom Mineral Waste Recycling Plant Planning Permission' set up by opponents of the proposals has so far gained over 2,200 signatures, with groups including Epsom Civil Society and Ewell Downs Residents Association speaking out. Residents opposing the proposals have voiced concerns about noise and air pollution, and about a type of 'silica' dust ...

In his new position, Bunker will be leading the development of the lender’s finance function. Jack Warner has been promoted to operations director, and was previously lending operations director. In his new role, Warner will be responsible for the wider operational team, including the service provided to our Bluestone’s customers and broker partners. Mark Todd, who has been promoted to business development team leader, started at Bluestone Mortgages in September 2018 as business development manager. He will now be responsible for heading up and strengthening Bluestone’s telephony busine...