Fees, performance and risk – all relevant for investors, and fund managers, to keep front and centre. Today, I’m speaking with Paul Gregory from the Financial Markets Authority.

Investing can seem a bit daunting, but you know that in order to preserve the value of what you’re able to save, you need to invest – if not for the simple reason that if you don’t, the currency you’re stashing away, will lose purchasing power over time due to inflation.

As most of us focus on the how and the what when it comes to investing, it’s important to understand the nature of risk as you move further away from savings accounts, debt reduction, and term deposits as your lower risk, mainstay investments of yesterday.  Investing can quickly become a bit more involved, and in order to make the most of it, you need to understand some of the language that goes along with this territory.

Now depending on where you’re at with your investing journey, you’ll likely be involved with some sort of managed fund. All a managed fund is, like KiwiSaver, is simply a pool of money that you contribute to, along with other investors, that get’s invested on your behalf by the manager.

My guest in this episode is Paul Gregory from the financial markets authority (the FMA)– he’s responsible for the FMA’s strategy and approach to investment management providers (aka fund managers). You could think of the FMA as a sort of referee – if you want to play the game of investing, you’ll likely appreciate the fact that some of the risks come from the volatility in the market itself, and some of the risk occurs if there’s a mismatch between the investment, and the investor. While the FMA isn’t there to help you make the best investment decisions you can make, they are there to ensure that financial advisers and fund managers are operating with a high degree of integrity – all with the goal of reducing some of the risks that exist our there.

For further information around the FMA’s activity recently:

LookSee campaign – encourages investors to make sure their KiwiSaver is on track when they receive their annual statement. We will soon relaunch this campaign

KiwiSaver retirement projections: Case Studies

What’s Your KiwiSaver Flow?

KiwiSaver Tracker – compare the performance and fees of all KiwiSaver providers over 5 years


The NZ Everyday Investor is brought to you in partnership with HatchHatch, let’s you become a shareholder in the world’s biggest companies and funds. We’re talking about Apple and Zoom, Vanguard and Blackrock.

So, if you’re listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you… they’ll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more.

Just go to https://hatch.as/NZEverydayInvestor to grab your top up.


Like what you’ve heard?

You can really help with the success of the NZ Everyday Investor by doing the following:

1- Follow @darcyungaro on Clubhouse.

2- Write a review on Facebook, or on your favourite podcast player

3- Help support the mission of our show on Patreon by contributing here

4- To catch the live episodes, please ensure you have subscribed to us on Youtube:

5- Sign up to our newsletter here

NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!

Please ensure that you act independently from any of the content provided in these episodes – it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.

If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link