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BNZ GM Wealth, Peter Forster, says “BNZ supports the FMA in its ongoing focus to deliver value for money for KiwiSaver members. “We are thrilled that the report’s findings align with the way BNZ approaches KiwiSaver, focusing on low cost, high quality, and delivering value for customers. “We use our scale to deliver a quality service at a lower cost, which we then pass on to our customers in the form of lower fees. BNZ removed member fees, the first of the big providers to do this, and reduced management fees in 2019. “We also have a unique mix of active and passive management of our ....
Source: BNZ statements BNZ GM Wealth, Peter Forster, says “BNZ supports the FMA in its ongoing focus to deliver value for money for KiwiSaver members. “We are thrilled that the report’s findings align with the way BNZ approaches KiwiSaver, focusing on low cost, high quality, and delivering value for customers. “We use our scale to deliver a quality service at a lower cost, which we then pass on to our customers in the form of lower fees. BNZ removed member fees, the first of the big providers to do this, and reduced management fees in 2019. “We also have a unique mix of active and passive management of our funds which we believe will deliver better long-term outcomes for our members at a lower cost. ....
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