July 19, 2017 BY Valentina Kirilova
New Zealand's Financial Markets Authority confirms KiwiSaver fees
The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged…
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