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KiwiSaver fee changes won't happen until regulator acts, providers say


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. ....

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AGEWISE: Understanding labels on food packaging


— KB
Answer: Understanding food labels can go a long way in managing your diet. The Food and Drug Administration (FDA) Nutritional Facts labels were updated in 2020 to help people better recognize healthier choices.
The FDA required manufacturers with $10 million or more in annual sales to update their labels by Jan. 1, 2020, and those manufacturers with less than $10 million in annual food sales to update their labels by Jan. 21, 2021. Companies that produce single-ingredient sugars, such as honey and maple syrup and some cranberry products have until July 1, 2021, to make changes.
Scientific studies from the National Academies of Science, Engineering, and Medicine, formerly known as the Institute of Medicine, played a big role in the label changes. Some vitamin information, such as vitamin D and potassium, were added because studies found Americans tend to be deficient in those nutrients. “Added sugars” is a new entry because these food choices increas ....

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