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Pathfinder
The FMA censured Pathfinder Asset Management for misleading statements about the ethical nature of its KiwiSaver Funds in advertisements, specifically regarding animal testing and fossil fuels. Pathfinder's advertisements failed to disclose exceptions to its ethical investment policy, resulting in misleading representations to investors.
Financial Markets Authority
Date Added
18 May 2026 at 03:31:51
Why it matters
Demonstrates FMA enforcement against greenwashing and misleading ESG claims in fund advertising, reinforcing the need for substantiated and transparent disclosures.
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