News

Milford's fee income income increases 31%

Thursday 2nd of August 2018

Its March 2018 financial statements show it pulled in $61.1 million in management fees in the year, up from $46.5m in the previous year, an increase of 31%.

It is about double what it was earning five years ago.

Performance fees were $17.3m, up from $11.4m a year earlier.

Milford charges a base fund fee, a performance fee and an administration fee for KiwiSaver funds. ...

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