Don't choose KiwiSaver funds on fees only (+ GRAPH)
She says ANZ is concerned that KiwiSaver members are choosing a fund purely on fees, and by doing so members may miss out on greater returns and therefore a larger KiwiSaver balance in the long term.
"We believe that active management can add value over time and disagree with the view expressed by AUT recently that all managed funds are likely to be equal after a 10-year period.
"KiwiSaver has now been in existence for 10 years so we can objectively look at the 10 year returns (after fees and tax)."
She says it is important that members are made aware of what they are paying for and make the right choice for themselves.
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