Articles tagged with 'fees'
7 November 2025 - Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice.
16 July 2025 - It hasn’t been the best of years for Mint Asset Management with fee income dropping 13.4% overall.
15 July 2025 - Banks have lobbied themselves another profit centre under open banking, which could kill fintech innovation, Sam Stubbs of KiwiSaver Simplicity says.
4 January 2024 - Simplicity cuts its fees for the six consecutive year and criticises other managers for not doing the same.
7 December 2021 - Four of the six KiwiSaver default providers are passing on buy or sell spread costs, or both, to their members to reflect the cost of buying and selling underlying investments.
1 December 2021 - Simplicity has dropped its membership fees from all of its products effective immediately.
12 November 2021 - Simplicity's Sam Stubbs says the not-for-profit fund manager's fees are still "way too high" and has vowed to reduce them after the company reached $4 billion of funds under management.
7 November 2021 - What's value for money with KiwiSaver? Former Financial Markets Authority chief executive Rob Everett provides answers in this Good Returns TV interview. [Including Podcast]
1 October 2021 - ANZ New Zealand Investments has dropped its annual membership fee from all its managed KiwiSaver schemes.
1 October 2021 - Sam Stubbs says the biggest KiwiSaver managers are ripping Kiwis off after the FMA revealed just how much was made in fees by KiwiSaver scheme providers over the past year.
16 September 2021 - In efforts to protect its status as a default KiwiSaver provider, the BNZ will lower fees for its KiwiSaver and YouWealth funds to 0.45% at the end of the month.
10 September 2021 - There have been mixed reactions to NZ Funds' zero-fee KiwiSaver fund coming to market with some commentators saying it's a bold move while others say it's simply a "loss leader".
1 September 2021 - [UPDATED] NZ Funds, often considered one of the more expensive managers in the New Zealand market has launched a zero fee KiwiSaver fund which will be solely distributed through financial advisers.
20 July 2021 - Westpac NZ is reducing fees on its KiwiSaver Scheme funds saying the drop will deliver significant savings for its more than 380,000 members.
14 May 2021 - The government has slashed the number of KiwiSaver default providers from nine to six with five of the existing providers being removed from Dec 1.
14 April 2021 - The FMA has released its long-awaited guidance on managed fund fees. Director of investment management Paul Gregory says advisers have their part to play.
18 March 2021 - Insurance advisers are being warned to clearly disclose all fees and charges after one broker was caught adding $34,000 of additional charges to a client’s policies over a period of three years.
25 January 2021 - More clients are playing off mortgage advisers against their bank, leading to disputes over fee-for-service charges, says FSCL chief executive Susan Taylor.
18 January 2021 - Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge.
21 October 2020 - NZ Funds chief executive Michael Lang says it is time sharebrokers faced a uniform fees disclosure regime like managed funds.
10 September 2020 - Price-fixing is in the spotlight, once again, after the Auckland High Court ordered two Hamilton real estate agencies to pay $4 million for engaging in it.
16 July 2020 - Superannuation funds and KiwiSaver providers are expected to be among the outperformers as the economy recovers from Covid-19, a new report suggests.
27 June 2020 - Harbour Asset Management is cutting the fees on four of its funds.
2 March 2020 - Simplicity has trimmed its fees and made it easier to invest in its non-KiwiSaver funds.
30 January 2020 - The Financial Markets Authority expects to collect $1.2 million in licensing fee revenue as it works through the process of granting FSLAA licences over the next year, a new document shows.
24 January 2020 - It may become harder for fund managers and advisers to justify their fees if markets aren’t delivering the hot returns of the past few years, MJW says.
16 October 2019 - Milford Asset Management has launched an innovative new way to pay advisers for giving advice on its popular KiwiSaver funds.
20 September 2019 - Government officials expected the discussion paper proposing reform of the KiwiSaver default fund arrangement would provoke "full and rigorous debate", a cabinet paper reveals.
14 August 2019 - One of the big debates, particularly in KiwiSaver, is what should customers focus on? Net returns or fees. The regulator’s answer may surprise you.
13 August 2019 - Fund management fees are too high and advisers should be negotiating lower fees for their clients, MyFiduciary principal Chris Douglas says.
1 August 2019 - Morningstar warns the past quarter was “about as good as it gets” for KiwiSaver returns.
6 March 2019 - Kiwi Wealth is reducing its annual management fee for its conservative KiwiSaver fund from 1% to 0.83%.
7 February 2019 - Shockwaves are running through Australia’s finance industry following the Royal Commission’s damning report so how could the recommendations impact on New Zealand investors?
19 July 2018 - Non-bank lenders General Finance, Southern Cross Partners, and Wroxton Finance were singled out by a Commerce Commission report last month for displaying large “establishment fees” on their websites.
14 June 2018 - Fisher Funds chief executive Bruce McLachlan says his firm won't be rushing to match Pie Funds' move to drop performance fees.
13 April 2018 - Fees charged by fund managers may make it tough for some New Zealand investors to access an investment that pays a fair equity risk premium.
28 March 2018 - KiwiSaver investors will soon see the fees they pay displayed in dollar terms - but advisers are not convinced it will have any effect.
15 December 2017 - New Zealanders have missed out on KiwiSaver returns because of their lack of exposure to the local share market, one manager says.
14 December 2017 - TSB Bank will repay about 2,800 customers who were inadvertently overcharged for terminating their fixed-term lending agreements.
11 December 2017 - The Financial Markets Authority has told incoming Commerce and Consumer Affairs Minister Kris Faafoi that it is working through its preparations for the new financial advice regime.
28 November 2017 - The Financial Markets Authority is being told its KiwiSaver Fund Tracker tool needs a longer timeframe than five years if it is going to make meaningful statements about funds’ performance.
27 November 2017 - All three banks who have reported results recently have highlighted their push into digital tools to grow their businesses. This provides a threat and an opportunity to mortgage advisers. Philip Macalister explains.
27 November 2017 - New Commerce Minister Kris Faafoi says he’s less worried about whether New Zealand has enough financial advisers to cater for the population – and more whether the financial advisers it has are putting their clients first.
21 November 2017 - The FMA has made it clear that promoting KiwiSaver funds on low fees only is wrong.
20 November 2017 - Two people closely associated with active funds management have established a new ETF funds management business.
16 November 2017 - Research firm SuperRatings has awarded Platinum ratings to all three of ANZ Investments’ KiwiSaver schemes for the fourth year in a row. Platinum is...
31 October 2017 - ANZ has produced an excellent document to celebrate 10 years of KiwiSaver, called Dollars and Cents: A Decade of KiwiSaver. Ana-Marie Lockyer, GM of Wealth Products at ANZ Investments, talks about what’s in the report.
17 October 2017 - ANZ general manager Wealth Products, Ana-Marie Lockyer, says the focus with KiwiSaver should be on returns-after- fees, rather than just on finding the provider that offers the lowest fees. +GRAPH
5 October 2017 - KiwiSaver providers have been told they must do better, as the amount they earn in fees soars.
21 September 2017 - Financial advisers who did not explain their terms of business, in particular their fees, who did not action client requests to change or cancel policies, and issues of disclosure were some of the most common causes of complaints about advisers over the past year, IFSO says.
15 September 2017 - Smartshares has reduced the management fee on the NZ Mid Cap Exchange Traded Fund from 0.75% to 0.60%.
The funds tracks the return on the S&P/NZX...
9 August 2017 - Financial advisers are realising that the value in their businesses is the relationships they have with clients, not just the skills they offer, says Philip M. Randall, managing partner of The Thorndyke Group.
9 August 2017 - Financial advisers are realising that the value in their businesses is the relationships they have with clients, not just the skills they offer, says Philip M. Randall, managing partner of The Thorndyke Group.
10 February 2017 - Inland Revenue has put out an exposure draft out for consultation in its long-running consideration of fund management fees and GST – and it could lead to higher fees for investors.
21 November 2016 - Bank KiwiSaver providers are worried that proposed changes to annual statement requirements could lead to members chasing the lowest-fee providers.
27 September 2016 - Investors and advisers are still being kept in the dark about significant components of fund managers’ fees, it has been claimed.
26 September 2016 - New Zealand advisers are backing a prediction that there will be a global ban on commission within five years – but one fund manager has described it as "nonsense”.
13 September 2016 - Advisers and the advice industry have a challenge to get clients to understand that financial advice is not a free good and that they will need to pay for it in some way, AMP's director of sales and advice, Blair Vernon, says.
8 September 2016 - The Commerce Commission is making it clear that it expects all consumer credit fees to be reasonable and related to the actual cost to a lender of processing loans.
30 May 2016 - Fund managers have been given more information about the fees they are required to disclose to investors - but some still have concerns.
16 May 2016 - Roboadvice and other software solutions are being suggested as an answer to increasing pressure on investment advisers' fees.
12 May 2016 - Lender credit fees precedent established after Supreme Court dismisses Motor Trade Finances Ltd (MTF) appeal.
10 May 2016 - Low interest rates are likely to shake out financial advisers who are charging fees that are are no longer viable, it has been claimed.
12 February 2016 - Financial adviser Chris Lee says the industry needs to do more to cater to people who do not have a spare million to invest.
12 November 2015 - A long-running battle over what exactly lender credit fees should cover has hit the Supreme Court this week.
28 September 2015 - Most managers charging performance fees are not doing so in a way that best serves investors, it has been claimed.
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