Your regulator expects: fund fee facts from the FMA

Your regulator expects: fund fee facts from the FMA
At first glance the FMA guidance does not appear to impose too much of a burden on KiwiSaver and other licenced investment managers.
David Chaplin
Inflation is coming, ‘they’ say, but not for New Zealand fund managers if the Financial Markets Authority has its way.Under new ‘guidance’ protocols released today, the FMA is applying intense regulatory pressure to the NZ retail investment industry to reduce fees and costs.The long-awaited fund fee guidance paper formalises and updates proposals released by the regulator last November that centred primarily on the KiwiSaver sector.While KiwiSaver remains a core target of the FMA rulebook, the final version has a much wi...

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