KiwiSaver
Advisers: Fee move will make little difference

Wednesday 28th of March 2018
From April 1, fees will have to be made clearer.
If a customer has a balance of $10,000 in their KiwiSaver account, until now they might have seen the fund manager’s fee expressed as 1.28%. That will now be spelled out as $128 per year. According to the KiwiSaver Fund Finder tool on the Sorted website, total fees on $10,000 in a balanced fund range from $52 to $174 per year.
...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.