Financial adviser calls for cap on fees; fund managers, NZ Super Fund and Labour respond.
Calida Smylie Mon, 18 Sep 2017
KiwiSaver fund managers are netting millions each year in fees, prompting criticism they are “ripping off” customers and need to be regulated.
KiwiSaver providers generally charge membership fees, management fees and performance fees, which all have a large impact on savings over a long period –
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