News

BNZ cuts KiwiSaver and managed fund fees

Thursday 16th of September 2021

However, according to one industry commentator, a focus on fees is not the silver bullet and could lead to worse outcomes in the future.

From September 28, BNZ KiwiSaver Scheme and YouWealth funds will be reduced to 0.45% per year, except for the BNZ KiwiSaver Cash fund, which will be 0.30% per year, and the new BNZ KiwiSaver Default Fund, which will be available from December 1 and wil...

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