'Shameful' wait for KiwiSaver fee disclosure regime, says low-fee provider

Tue, 13 Dec 2016

By Pattrick Smellie Dec. 13 (BusinessDesk) - The government's announcement that KiwiSaver providers have until 2018 to start providing transparent information about all the fees they charge is a "shameful" demonstration of the lobbying power of New Zealand's banks, the chief executive of start-up, low-fees provider Simplicity, Sam Stubbs, says. Consumer Affairs Minister Paul Goldsmith announced the start date today, saying “some providers have indicated they need to make IT system changes and will not be able to provide a dollar figure fo...

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