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“As scale and member balances increase, we see little justification for schemes to charge both a fixed membership fee and a base management fee, which is typically percentage-based.” At the end of December, KiwiSaver schemes held investments worth more than $76 billion for their members, figures from fund research company Morningstar showed. KiwiSaver membership fees vary between provider, but the last FMA KiwiSaver annual report showed KiwiSavers paid just under $85 million in membership fees in the 12 months to the end of March 2020. “We expect to see KiwiSaver schemes move towards eliminating membership fees from their fee structures,” the FMA said. Tips from the Commission for Financial Capability can help people in the 45 and under, 46-65, and 65-plus age groups get the most out of KiwiSaver. (First published May 2018.)

United kingdomWestpac kiwisaversAyesha scottMike taylorJuno kiwisaverZealand shareholder associationFinancial markets authorityFinancial services councilNew zealand shareholder associationஒன்றுபட்டது கிஂக்டம்ஆயிஷா ஸ்காட்மைக் டெய்லர்ஜீலாந்து பங்குதாரர் சங்கம்நிதி சந்தைகள் அதிகாரம்நிதி சேவைகள் சபைபுதியது ஜீலாந்து பங்குதாரர் சங்கம்