News | Business
31 Oct 2020 12:39
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The financial watchdog is keeping a close eye on the fees being charged by KiwiSaver providers

    The financial watchdog is keeping a close eye on the fees being charged by KiwiSaver providers


    The Financial Market Authority's latest KiwiSaver annual report shows fund managers charged almost 539 million dollars in the year to March - but funds lost 801-million dollars over the period due to covid 19.

    Authority regulation director Liam Mason says officials are monitoring whether providers are continuing to charge reasonable fees.

    He says there has been movement from some providers and fees aren't going up, but they're going to need to put some pressure on the industry.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     31 Oct: US election night could spark mass protests and violence near the White House. Here's how they are preparing for riots
     31 Oct: More than one-billion-dollars worth of homes are expected to change hands in Auckland's flash suburb of Remuera this year
     31 Oct: Shares in two NZX-listed medicinal cannabis companies have taken a hit, in the wake of the cannabis referendum result
     30 Oct: Global coronavirus cases have risen by more than 500,000 for the first time, a record one-day increase as countries across the Northern Hemisphere report daily spikes
     30 Oct: New Zealand's first electric plane is being launched today at Christchurch Airport
     30 Oct: A recent death at the Ports of Auckland is having a longer-term impact on shipping lines
     30 Oct: Building firms are seeing more light among the Covid-19 gloom than other industries
     Top Stories

    RUGBY RUGBY
    The Canterbury rugby team has a fight on its hands to avoid relegation in the Mitre 10 Cup More...


    BUSINESS BUSINESS
    US election night could spark mass protests and violence near the White House. Here's how they are preparing for riots More...



     Today's News

    Politics:
    Team New Zealand is requesting formal mediation with the America's Cup Arbitration Panel over the race course issue for next year's event 12:27

    Entertainment:
    Sharon Osbourne has caught the walking "bug" 12:25

    Education:
    A school bus driver's been left very shaken, after being involved in a two-vehicle crash north of Auckland 11:57

    Entertainment:
    Simon Cowell has undergone dental work worth more than $110,000 11:55

    Soccer:
    Wolves have continued their strong start to the Premier League football season with a 2-nil win over Crystal Palace 11:27

    International:
    As coronavirus devastates Mexico, Day of the Dead has taken on a more sombre tone 11:27

    Entertainment:
    Justin Hartley "tore [his] bicep off" while working out at home 11:25

    Business:
    US election night could spark mass protests and violence near the White House. Here's how they are preparing for riots 11:17

    Politics:
    Greens Party delegates are today hearing what Labour's prepared to live with in Government...in exchange for their support on confidence and supply 11:07

    Entertainment:
    The Duke and Duchess of Cambridge have helped their children make cakes for war veterans 10:55


     News Search






    Power Search


    © 2020 New Zealand City Ltd