When it comes to KiwiSaver, performance trumps fees

When it comes to KiwiSaver, performance trumps fees
KiwiSaver fees were reported to be “highly competitive” in relation to their much larger scale Australian and UK peers. (Image: Getty)
Warren Couillault
As New Zealanders, we are unfortunately very familiar with what I would regard as our worst behavioural trait: tall poppy syndrome. Sports get a pass, as you can never be too good. But when it comes to business or financial success, that's a different story. It reminds me a bit of the New Zealand funds management and KiwiSaver sector, which has in most cases moved to, or is being moved towards, the lowest common denominator: it’s all about fees. We hear about fees all the time, scolding those who charge too much and holding high...

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