Investment fund manager failed to ensure funds retained in an acceptable investment for immigration purposes.
Amara said the fund manager delayed handling her withdrawal application. She wanted them to compensate her for the fall in the value of her investment while she waited for the withdrawal to be processed.
Evelyn relied on information on her sharebroker’s website about the upcoming dividend for a company when she decided to buy shares in the company. The dividend information was wrong.
We were not able to consider Marama’s concerns about information disclosed to her when she invested or her concerns about how her investment had been managed
Lara declined personalised advice and chose to invest in two managed funds. Could FSCL help when she was unhappy with the performance of her investments?
Anika complained that a financial service provider assisted another company, who was not a registered financial service provider, to mislead her about an investment.
Was there good reason it took a scheme manager six working days to action an investor’s transfer request?
Ming, a recent applicant for NZ residency, suffered a loss on his investment which he believed his adviser was responsible for.
Clive’s fund manager was closing down one of its investment funds, meaning Clive had to move his savings. The fund manager offered Clive reduced fees if he moved his money to another one of its funds. Clive thought this deal was anti-competitive and unfair.
Transferring funds from one fund to another resulted in loss. Was the loss was caused by the consumer’s own mistake or by the fund manager’s error?