Changes to default providers won t lower KiwiSaver fees as Govt hopes, say experts
14 May, 2021 05:00 PM
6 minutes to read
The number of KiwiSaver default providers will reduce from nine to six. Photo / Getty Images
Experts have poured cold water on the Government s hopes that a major shake-up to the KiwiSaver default providers will bring down fees across the industry. And the majority of those appointed as new default fund providers say the low fees on offer through their default schemes won t be applied to their other funds.
On Friday the Government announced the nine current default KiwiSaver providers would be slashed to six from December 1.
Top Story
May 13, 2021
ISLAMABAD: Haj-e-Baitullah will not be suspended this year as the government in Saudi Arabia is taking all possible measures and fulfilling all respective arrangements to facilitate the Haj pilgrims, said Deputy Minister for Haj and Umra Kingdom of Saudi Arabia Dr Abdel Fatteh Mashath.
In a meeting with Special Aide to Prime Minister on Interfaith Harmony and Middle East Hafiz Muhammad Tahir Mehmood Ashrafi, earlier in Makkah, Saudi Deputy Minister for Haj and Umrah Dr Abdel Fattah Mashat had said the annual pilgrimage of Haj would be held with coronavirus preventive protocols.
The Saudi government has started arrangements for the annual pilgrimage of Haj this year with respective health requirements of vaccination and coronavirus preventive protocols. He said the respective details and information about Haj will be announced in the month of Shawal.Khadim-e-Harmain Al-Sharifain Shah Salman bin Abdul Aziz and Crown Prince Muhammad bin Salman have given clea
Prince Harry says he won t pass down his pain and suffering to children
Entertainment
Fri, May 14, 2021
Prince Harry, The Duke of Sussex, shared his thoughts on parenting, saying he will not pass on pain and suffering to his kids.
The Queen s grandson shared his thoughts on parenting, suggesting as his father Prince Charles passed dawn his pain to him.
Harry , who is a proud father of two-year-old Archie and expecting a baby girl with her wife Meghan Markle, has said he wants to make sure he “breaks the cycle” by not putting the same pressures on his children that he faced when he was young.