Work is under way to require superannuation savings scheme providers to report on their annual fees in dollar terms – but some providers say that might be harder than some expect.
The Financial Markets Authority, Commission for Financial Capability and Ministry of Business, Innovation and Employment are working on a project that could lead to some fund managers being required to change the way they disclose fees.
MBIE financial markets manager James Hartley said the Commerce Minister had commissioned work on annual statement reporting of KiwiSaver, superannuation and workplace savings schemes earlier in the year...MORE»
Wednesday, September 21st, 6:00AM
Craigs Investment Partners is renaming both its KiwiSaver schemes in a bid to improve clarity for consumers.MORE»
Monday, September 19th, 11:55AM
A working group has already begun to look at ways that KiwiSaver fees could be reported with more transparency.MORE»
[UPDATED] A financial adviser is taking a key role in Forsyth Barr scheme and says there is now a commercial incentive for other AFAs to get involved with KiwiSaver.MORE»
New low-fee KiwiSaver provider Simplicity has started accepting enrolments.MORE»
Flows of KiwiSaver money into New Zealand equities are putting pressure on the market and could make it hard for managers to cash out if they want to, it has been claimed.MORE»
Most New Zealanders are clueless about KiwiSaver fees and not much better informed about their funds’ performance, a new survey has shown.MORE»
Adviser-distributed Generate KiwiSaver grew its funds under management by just over a quarter in the three months to the end of June, a new survey shows.MORE»