KiwiSaver fees may not reflect investment returns
Higher KiwiSaver fees do not guarantee better after-fee returns, and inattention to charges can significantly reduce retirement savings.
KiwiSaver investors often assume that paying higher fees will deliver better investment performance, but this assumption does not hold true. The actual after-fee returns investors receive may not correlate with the fees they pay. Over time, overlooking the fee structure on a KiwiSaver account can result in substantial losses to retirement savings.
Covered byRNZStuffNot covered byNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDeskinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
RNZ
KiwiSaver: Do you get what you pay for?
Paying a higher fee does not mean that investors receive a higher after-fee return.
Stuff
The small KiwiSaver mistake that could cost you as much as $53,000
Failing to look at the fees on your KiwiSaver account can cost you dearly.