KiwiSaver scheme fees
All KiwiSaver providers will charge you fees for investment, management and administration costs. Your investment statement will set out the fees they charge.
Who decides the fees?
|If your scheme is ...||then the fees are ...|
|a default scheme||negotiated by the Government, and prescribed for each scheme.|
||set by the scheme - although the KiwiSaver Act prevents the charging of 'unreasonable fees'.|
The role of the Financial Markets Authority
The Financial Markets Authority, who regulates KiwiSaver schemes, is responsible for:
- determining what constitutes 'unreasonable fees'
- the ongoing monitoring of fees.