Ministry backs aligning fund manager, investor interests in KiwiSaver review

Mon, 12 Nov 2012

By Paul McBeth Nov. 13 (BusinessDesk) - Ministry of Business, Innovation and Employment officials back better alignment between the interests of fund managers and investors in KiwiSaver accounts as part of a review of the savings scheme's default providers. Government officials say a balance needs to be struck between an efficient fee structure and maintaining service performance, which is complicated by the differing goals of fund managers and investors, according to a discussion document reviewing provider arrangements of the default KiwiS...

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