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

Sat, 22 Jul 2023

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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