News | Business
23 Oct 2020 18:51
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
     23 Oct: Less of a hit in the pocket for ratepayers
     23 Oct: Petrol prices are back up
     23 Oct: A kick in the guts for Auckland's North Shore
     23 Oct: Momentum is building on Auckland Transport's 1.4 billion dollar Eastern Busway
     22 Oct: Population figures show growth in most places, and a boom for the Bay of Plenty
     22 Oct: New Zealand's aviation sector is likely to take longer to recover compared to other countries
     22 Oct: Cook Island businesses say they can't wait for New Zealand to open up its borders
     Top Stories

    RUGBY RUGBY
    Wallabies coach Dave Rennie wants his team's culture celebrated, rather than actions condemned More...


    BUSINESS BUSINESS
    Less of a hit in the pocket for ratepayers More...



     Today's News

    International:
    Fewer interruptions as Donald Trump goes on the attack at the final debate of the 2020 US election 18:47

    Politics:
    The Race Relations Commissioner is pushing for prisons to be run by iwi 18:37

    Entertainment:
    Paige is "so proud" of herself after celebrating two years of sobriety 18:27

    International:
    Fact checking Craig Kelly and George Christensen's open letter on hydroxychloroquine 18:07

    Law and Order:
    A 51-year-old shearing contractor has been sentenced to 16 months in prison 18:07

    Entertainment:
    Robert Downey Jr. and Mark Ruffalo have leapt to the defence of Chris Pratt after he was branded the "worst Hollywood Chris" 17:57

    Law and Order:
    Alleged Jeffrey Epstein victims want justice, but Ghislaine Maxwell's deposition is a determined, redacted denial 17:57

    Entertainment:
    Kim Kardashian West has settled the $6.1 million lawsuit she filed against her former bodyguard after being robbed at gunpoint 17:27

    Rugby:
    Wallabies coach Dave Rennie wants his team's culture celebrated, rather than actions condemned 17:27

    Netball:
    The Silver Ferns expect a closer match-up in netball's quad series 17:27


     News Search






    Power Search


    © 2020 New Zealand City Ltd