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KiwiSaver providers just over $36.6 million in fees and expenses over the 12 months to March 31 this year, according to the latest report from the Government Actuary (GA). The KiwiSaver report, tabled in Parliament on Wednesday, revealed the GA had also rejected an argument that smaller schemes could raise fees “if low membership meant […]

In a year that has seen two KiwiSaver providers close up shop, the big bank brands were again dominating fund flows, the second annual Good Returns KiwiSaver survey has found. View full KiwiSaver table here According to the figures, as at March 31 the Commonwealth Bank-owned ASB once more topped the list as the single […]

Parliament has passed a major omnibus tax bill into law which clears up rules around payouts to the estates of deceased KiwiSaver members. The issue hit the headlines earlier this year with media reports about how KiwiSaver managers were unable to make payments to estates due to complications with the law. The Taxation (International Taxation, […]

Huljich Wealth Management has confirmed that it has sacked a number of advisers selling its KiwiSaver funds due to their selling practices. As first reported on Good Returns last week the Securities Commission is investigating complaints of illegal house-to-house marketing of KiwiSaver schemes. “A number of accredited distributors have been terminated for distributing the Huljich […]