FMA allows KiwiSaver managers to use one of two methods to show fees charged

Wed, 19 Jul 2017

By Sophie Boot July 19 (BusinessDesk) - The Financial Markets Authority has confirmed it will allow KiwiSaver fund managers to use two different methods to show how much they are charging people to manage their funds, with both able to provide investors with the information they need. As part of new regulations requiring KiwiSaver managers to disclose fees in dollar values for investors, the FMA will allow them to use the investor's balance at the date the units of the fund are valued, known as the cents per unit (CPU) method, or another...

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