KiwiSaver
KiwiSaver 2022: higher fees, lower investment returns
Tuesday 4th of October 2022
Income from administration fees fell from $80.8m last year to $50.3m in 2022 but income from management fees jumped 12.8% to $642.3m.
These are among a raft of figures released this morning by the Financial Markets Authority (FMA) in its annual KiwiSaver report, covering the period from 1 July 2021 to 30 June 2022.
The FMA says the rise in fees reflects a 10% hike in funds under...
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