Regulatory Alerts2026-04-15
Added · Updated
FMA anticipates KiwiSaver providers will increase investment in private assets
The Financial Markets Authority released a report indicating that while KiwiSaver providers currently hold less than 5 percent of assets in private investments, most plan to increase these allocations over the next three years. The regulator highlighted critical risks regarding valuation practices, noting that infrequent valuations and conflicts of interest require stronger governance and clearer communication to protect investor outcomes. Consequently, the FMA encourages providers to adopt out-of-cycle valuation triggers, enhance oversight of third-party valuers, and improve transparency to maintain investor confidence as exposure to private assets grows.
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