KiwiSaver providers told to review fees annually by regulato

KiwiSaver providers told to review fees annually by regulator
13 Apr, 2021 05:00 PM
5 minutes to read
KiwiSaver fund managers have been told they should be undertaking an annual review of their fees. Photo / File
KiwiSaver fund managers have been told they should be undertaking an annual review of their fees. Photo / File
KiwiSaver providers have been told they must review their fees annually and prove they are providing value for money or face potential regulatory action.
The Financial Markets Authority has released guidance to fund managers and
their supervisors over fees amid concerns that KiwiSaver members are not getting good value for money.

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