Financial Markets Authority Press release on Kiwi Saver Fee’s.

The “Golden Mile” for fund managers has gone on for years, with NZ always at the top end of the OECD scale for charging fee’s. Its been outrageous for a long time, any change is long overdue!

https://www.fma.govt.nz/news-and-resources/media-releases/kiwisaver-value-for-money