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24 Dec 2025 10:44
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      Home > News > Business

    Westpac has announced it'll be reducing KiwiSaver fees from the end of this year

    Westpac has announced it'll be reducing KiwiSaver fees from the end of this year


    From December 1, the monthly administration fee will drop from 2 dollars 25 to one dollar.

    Westpac's Experience Hub Acting General Manager, Karen Silk, says the changes will place Westpac's fees among the lowest in the market.

    The Financial Market Authority has raised concerns about KiwiSaver fees in its annual report, released this morning.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     24 Dec: Pressure builds on Milano Cortina organisers amid climate concerns and funding issues
     24 Dec: Scepticism about a free trade agreement with India, less than a year out from the election
     24 Dec: A jury's ordered US pharmaceutical giant Johnson and Johnson to pay more than 2.5 billion dollars - to a woman who blamed it for causing her cancer
     24 Dec: This year's Christmas spread could cost a bit more to put on tomorrow
     24 Dec: Rising prices could be prompting Kiwis to change their Christmas spread
     23 Dec: Berries, corn, and fruit pies are in hot demand as supermarkets prepare for the Christmas rush
     23 Dec: Don’t drive the sleigh on your own: 5 tested management tips for surviving Christmas like a boss
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    BUSINESS BUSINESS
    Pressure builds on Milano Cortina organisers amid climate concerns and funding issues More...


     Today's News

    		 Law and Order:
    A Christmas miracle in Nelson - a cat stolen in a break-in at the SPCA ten months ago has been found 10:27

     Entertainment:
    Nick Reiner is set to be formally charged with the murders of his parents 10:20

     Rugby League:
    An epic on the oche at Ally Pally .. 10:07

     Environment:
    Most of NZ’s flowering plants grow nowhere else – and Christmas falls in peak blooming season 10:07

     Business:
    Pressure builds on Milano Cortina organisers amid climate concerns and funding issues 10:07

     Entertainment:
    Chris Hemsworth and Elsa Pataky have experienced some "complicated times" in their relationship 9:50

     Motoring:
    Drivers are being urged to make sensible choices this summer 9:27

     Entertainment:
    Amanda Seyfried's stage fright is stopping her from performing on Broadway 9:20

     Business:
    Scepticism about a free trade agreement with India, less than a year out from the election 9:17

     Entertainment:
    Gwyneth Paltrow tries to avoid reviews of her work 8:50

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