An article from RNZ.
The Financial Markets Authority (FMA) has identified a number of risks for fund managers to grapple with.
A review by the FMA concluded increased regulations had reduced risks in the funds management industry to medium/low, though there were a number of emerging risks to test the sector.
The report noted effective risk management by fund managers was an important mitigant against the potential for harm to investors in such funds as KiwiSaver.
“Without controls, the risk would be medium/high,” the FMA said.