News

$10 a year not enough for good advice

Thursday 3rd of May 2012

The number of KiwiSaver members passed 1.9 million in March, but according to the latest report by Morningstar, the total amount of money in KiwiSaver is $11.26 billion, meaning the average balance per member is under $6000.

According to Murray Weatherston of Financial Focus, the numbers just don't stack up when one takes into account the relatively meagre commissions advisers get for Ki...

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