Are KiwiSaver fees too high – or to fund managers deserve to be rewarded for offering something a bit extra? The fees charged by fund managers, particularly in the KiwiSaver scheme, have been in the spotlight since ANZ released its whitepaper and survey to mark 10 years of the scheme. In it, it said that […]
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Are KiwiSaver fees too high?
Fund managers have a tough job claming that their returns justify higher fees, researchers say. Members of AUT’s Auckland Centre for Financial Research took issue with comments from ANZ in relation to its recent white paper and survey. It said that young people in particular were putting too much of a focus on fees, sometimes […]
Funds not ‘true to label’: Researcher
When is a ‘balanced’ fund not a balanced fund? When it takes the risk of a growth fund, one researcher says. AUT professor of finance Bart Frijns wrote a research paper in which he said the way KiwiSaver funds’ risk levels were described could be misleading. “When you look at the risk profile of a […]
Advice key part of KiwiSaver success: ANZ
Advice is important to make sure New Zealanders get the most out of KiwiSaver, the country’s biggest provider says – but it suggests much of it should be supplied free. ANZ has released a survey and whitepaper to mark the 10th anniversary of the retirement savings scheme. It called for the scheme to be made […]