FMA puts KiwiSaver funds side-by-side to illustrate whether investors are getting bang for their buck; KiwiSaver providers unapologetic for charging the fees they do, saying investment is needed to provide quality advice
The Financial Markets Authority (FMA) has published data that reveals just how well different KiwiSaver funds are performing relative to the fees their managers are charging.
The FMA has taken the data KiwiSaver providers release through their quarterly fund updates and via the Companies Office’s Disclosure Register, and presented it in an interactive tool that will be updated every three months.
The ‘KiwiSaver Tracker’ makes it quite clear which fund managers are charging high fees, but aren’t delivering high returns, and vice versa.