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KiwiSaver fee changes won t happen until regulator acts, providers say
14 Apr, 2021 05:00 PM
5 minutes to read
Fund managers are under pressure to make sure their fees are offering value for money. Photo / File
Fund managers are under pressure to make sure their fees are offering value for money. Photo / File
There won t be any major shift in KiwiSaver fees until the regulator takes action against a provider, some KiwiSaver managers say. On Wednesday regulator the Financial Markets Authority released fee guidance to fund managers and their supervisors over fees amid concerns that KiwiSaver members are not getting good value for money.