Keeping KiwiSaver reasonable

Wed, 04 Nov 2020

If you should ever be overcharged at any time, it’s not unreasonable to be mad with anyone, as Tom Jones never sang.But if the Financial Markets Authority was in a musical frame-of-mind, the regulator might have set its latest KiwiSaver fees proposal to the old 1960s belter.Instead we have prose.“Despite our expectation of competitive pressure on fees over recent years, there has been very little shift in fees when fees are weighted by the amount of dollars invested in the fund,” the FMA politely puts it.Officially dubbed &lsq...

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