Financial Services Council NZ

What Financial Services Council NZ does

Financial Services Council NZ (FSC) is a non-profit member organisation founded in 1996 and headquartered in Auckland, New Zealand. It serves as the primary collective voice for the country's financial services sector, representing major life insurers, health insurers, disability and income insurers, investment managers, KiwiSaver providers, and workplace savings scheme providers. Its membership is estimated to cover approximately 75% of KiwiSaver schemes in New Zealand, alongside NZ$124.5 billion in KiwiSaver funds under management, 4 million life insurance covers, and NZ$3.31 billion in annual life insurance premiums (as of 31 March 2026). Following its 2019 merger with Workplace Savings NZ, FSC expanded its remit into workplace savings schemes.

FSC's core deliverables are events, research, policy advocacy, and standards-setting rather than technology products. Flagship outputs include the annual FSC Conference (FSC25, FSC26) and FSC Awards, the State of the Sector report, quarterly KiwiSaver and Life Insurance industry spotlights, the FSC Code of Conduct, and the Money and You consumer education initiative. The organisation maintains active engagement with the Financial Markets Authority, the Retirement Commission, and central government, including co-developing the National Strategy for Financial Capability 2025-2027 and driving policy priorities documented in its Blueprint for Growth (2023). Distribution is via direct enterprise membership, an annual conference cycle, a member-only online portal, and consumer-facing content through Money and You.

The business model is subscription-based recurring membership fees paid by corporate members in the financial services sector; pricing is not publicly disclosed. FSC operates with a small core team (1–10 employees) and reports no external investment, parent company, or subsidiaries. Its strategic posture is centred on consolidating regulatory influence and broadening its consumer-facing education footprint rather than expanding into technology platforms.

Name

Financial Services Council NZ

Legal name

Financial Services Council of New Zealand

Website

https://fsc.org.nz

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Financial Services Council NZ is a non-profit member organisation that represents New Zealand's financial services sector — including major life and health insurers, KiwiSaver providers, and investment managers covering roughly 75% of KiwiSaver schemes — through advocacy, research, conferences, and industry standards.

Ownership category

akta.pro rank

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Membership Fees: Revenue generated from corporate membership fees paid by financial services companies (life insurers, health insurers, investment managers, KiwiSaver providers). Members include major players representing approximately 75% of KiwiSaver schemes.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

The Financial Services Council of New Zealand is a non-profit member organisation that represents New Zealand's financial services industry. It delivers industry advocacy, policy engagement, professional standards via its Code of Conduct, conferences and awards, and research publications covering KiwiSaver, life insurance, health insurance, and investment funds to its corporate members.

Product overview

Financial Services Council NZ is a non-profit member organisation and the voice of the financial services sector in New Zealand. Rather than a unified software product, the FSC offers a portfolio of member services including annual conferences (FSC26 Conference, FSC Awards), research publications (State of the Sector reports, quarterly KiwiSaver and Life Insurance industry spotlights), consumer education initiatives (Money and You), and industry standards (FSC Code of Conduct). The FSC represents approximately 75% of KiwiSaver schemes and workplace savings schemes, and its members include major insurers in life, health, disability and income insurance paying out over $3.2 billion per year in claims.

Differentiator

Problem solved

Functional benefit

Brands

• Money and You: Consumer education initiative focused on financial literacy

Products and services

• FSC26 Conference Annual flagship conference bringing together the New Zealand financial services sector, government, politicians, and regulators to shape the future of financial services. The 2026 edition carries the theme 'Amplify'.
• FSC Awards Annual industry awards showcasing excellence across the New Zealand financial services sector, with eight categories recognising individuals, teams, and organisations for exceptional achievements.
• KiwiSaver & Retirement Industry Spotlights Quarterly industry spotlight reports providing KiwiSaver statistics, contribution data, fund under management figures, and trend analysis for the KiwiSaver and retirement sector in New Zealand.
• State of the Sector Report Annual research report tracking the New Zealand financial services sector's economic contribution, GDP ranking, employment, and trends. The 2026 report found the sector is the seventh largest by GDP.
• Money and You Consumer education initiative focused on financial literacy and wellbeing for New Zealanders, including programmes for schools and the general public such as Financial Literacy in Schools and Women's Financial Wellbeing campaigns.
• Life Insurance Industry Spotlights Quarterly industry reports tracking life insurance cover levels, premium data, and sector statistics across New Zealand.
• Health Insurance Resources and Reports Resources and research covering the New Zealand health insurance sector, including Money and You consumer research and FSC Insights and Trends industry reports on affordability and accessibility.
• Investment & Funds Resources Research, advocacy, and topic resources for the investment and funds management industry, covering ethical investment, KiwiSaver engagement, and emerging investing platforms including robo-advice.
• FSC Code of Conduct Industry code of conduct setting professional standards for the New Zealand financial services sector, required of FSC member firms.

Quantifiable outcome

• Representing 75% of KiwiSaver schemes and workplace savings schemes
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered major and core.

• Workplace Savings NZmajorStrategic or Co-development Partner · 1 January 2019Workplace Savings NZ merged into the FSC in 2019, expanding FSC's representation to include workplace savings schemes alongside KiwiSaver schemes.
• Retirement CommissioncoreStrategic or Co-development PartnerFSC collaborates closely with the Retirement Commission on the National Strategy for Financial Capability 2025-2027 and drives policies supporting better retirement outcomes for New Zealanders through KiwiSaver.
• GovernmentcoreStrategic or Co-development PartnerFSC collaborates with Government to drive policies that support better retirement outcomes. The FSC Blueprint for Growth (2023) outlines policy priorities for Government engagement.
• Financial Markets Authority (FMA)coreStrategic or Co-development PartnerFSC engages with the FMA on regulatory matters. The FSC Professional Advice SIG has an ongoing panel discussion series with FMA's Access to Advice work programme.
• Money and YoucoreChannel Partner/ Reseller/ DistributorMoney and You (moneyandyou.org.nz) is FSC's consumer education initiative delivering financial literacy programs including Financial Literacy in Schools and Women's Financial Wellbeing campaigns.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Investment Company Institute (ICI): Leading global trade association for regulated investment funds, including mutual funds and ETFs. Comparable through its retail investment advocacy, research publications, and member services.
• LIMRA: Global research and consulting organization for insurance and financial services. Comparable through its industry research, benchmarking, and member services for life insurance and retirement industries.
• EFAMA (European Fund and Asset Management Association): European trade association representing the investment management industry. Comparable through investment management and pension policy advocacy, though operating at a regional level.
• Association of Superannuation Funds of Australia (ASFA): Peak national body for the superannuation industry in Australia. Comparable to FSC's KiwiSaver representation through similar research, policy advocacy, and standards functions.
• Australian Investment Council: Australian industry body for private capital, including venture capital and private equity. Tangentially comparable as a financial services industry association, though focused on alternative investments.
• American Council of Life Insurers (ACLI): US trade association representing life insurance companies. Comparable as a sector-specific industry body conducting policy advocacy, research, and member services for life insurers.

Regional players

• Banking Association of New Zealand: Industry body representing banks operating in New Zealand. Comparable as a domestic financial services trade association, though focused on banking rather than insurance and investment.

Others

• Financial Markets Authority (FMA) New Zealand: NZ's financial regulator and primary stakeholder counterpart for FSC. Adjacent rather than directly comparable, but FSC's key regulatory interlocutor.

Direct peers

• Financial Services Council Australia: Australian peak industry body for financial services, representing life insurers, superannuation funds, and asset managers. Closest international analogue to FSC NZ, sharing the nonprofit membership-driven model and policy advocacy focus.
• Insurance Council of New Zealand (ICNZ): Domestic NZ industry body representing general insurers. Directly comparable as a national insurance industry association, although focused on general insurance rather than FSC's life/health/KiwiSaver remit.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/financial-services-council-new-zealand
• Xx.com/fsc__nz

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Services Council NZ