Are KiwiSaver admin fees outdated and unfair?

Article written by InvestNow

Kiwis paid over $80m in KiwiSaver admin fees last year, in a negative investment return environment

Last year Kiwis paid over $80 million in KiwiSaver administration fees, in an environment that produced negative investment returns to the amount of -$820.9 million, according to the Financial Markets Authority (FMA) 2020 Annual KiwiSaver Report. “We don’t think that’s right”, says Mike Heath, General Manager of InvestNow.

“Some investors paid fees on […]

The little investment scheme that could – KiwiSaver Milestones

Article written by InvestNow

KiwiSaver has come a long way since its surprisingly successful debut in 2007.

Officially launched by the Helen Clark-led Labour government in July 2007, KiwiSaver accumulated over $720 million for more than 480,000 members during the first nine months of operation.

The first flood of KiwiSaver members blew Treasury budget projections out of the water, continuing to beat forecasts for years to come.

Aside from those automatically enrolled […]