Earlier this week, the Financial Markets Authority said it expects to see more providers reduce the fees charged on managed funds.
The Financial Markets Authority is getting more interested in KiwiSaver claims about their ethical investment policies.
KiwiSaver fund managers' income from administration fees fell 4.8% as some providers responded to the FMA’s guidance for larger players to ditch the extra cost.
Moving KiwiSaver money from old default funds and into new ones comes with a range of hidden costs.