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Time's up for admin fees: Morningstar

Thursday 1st of February 2018

The research house has released its latest quarterly survey of the superannuation savings scheme.

Morningstar head of manager research Asia-Pacific Chris Douglas said, while he could understand the rationale for having a dollar-based admin fee, given the set-up costs of KiwiSaver, its time was up.

“Surely the set-up costs have mostly been covered now? It especially hinders small b...

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