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ANZ axes KiwiSaver membership fees days after FMA criticism

FMA annual report noted scale benefits were still not being passed on.

The country’s largest KiwiSaver provider is removing annual membership fees from all its managed KiwiSaver schemes, days after the Financial Markets Authority said the benefits of scale was not being passed onto members in reduced fees.

ANZ, which according to Morningstar leads KiwiSaver

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Hamish McNicol Thu, 30 Sep 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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ANZ axes KiwiSaver membership fees days after FMA criticism
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