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FMA wants fixed KiwiSaver membership fees axed

Fund managers will also have to report annually on their fees and value for money.

The Financial Markets Authority says the scale and maturity of KiwiSaver means there is now little justification for schemes to charge fixed membership fees and they should be eliminated.

It also expects fund managers and their supervisors to prove to the FMA they are annually reviewing their

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Hamish McNicol Wed, 14 Apr 2021
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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FMA wants fixed KiwiSaver membership fees axed
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