Financial Markets Authority release on the impact of fee’s on your savings. It is my view that the Authority should be more vocal on this topic than they are, and you will notice Paul Gregory hedges his comments on fee’s in this release. NZ’s pay too much,  well above international averages, and despite recent improvements, charges are still often unclear and not transparent.

http://www.nzherald.co.nz/fma/news/article.cfm?c_id=1504139&objectid=11712750

Alec Waugh