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FMA outlines fee methodology
Thursday 8th of June 2017
The FMA says KiwiSaver providers should be disclosing fees using the investor’s balance at the date the units of the fund are valued, or the cents per unit (CPU) method.
Providers are now required to report to clients on the fees they pay in dollars, not just percentage terms.
The FMA had initially suggested the calculation could be based on the investor’s average balance or the t...
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