Finance

KiwiSaver managers say fee regulation will create ‘vanilla’ market

Dan Brunskill
Wed, 14 Apr 2021

KiwiSaver managers say fee regulation will create ‘vanilla’ market
Paul Gregory, the FMA’s director of investment management, says not enough thought has gone into KiwiSaver fees.
Dan Brunskill
Wed, 14 Apr 2021
KiwiSaver fund managers told the Financial Markets Authority that attempts to limit fees will stifle innovation and result in low-quality, large-scale providers monopolising the market.  The FMA today released guidance with a set of principles to assess whether KiwiSaver providers are charging reasonable fees for the service provided.While the regulator won’t quite come out and say it, there is the suggestion many providers are charging hefty fees for murky service.  Over the past year the FMA has released some damning reports w...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

The Economist
House prices braced for a storm
The Economist | Mon, 27 Jun 2022

The pain of rising mortgage repayments will be harder to bear in some places than in others, for example, in NZ and Australia.  

The Economist
NATO holds its most important summit in generations
The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.