Portability not a no-brainer
Carey Church, of Moneyworks, says she has already been dealing with about half a dozen people who want to bring their Australian super back to New Zealand, and consolidate it in their KiwiSaver accounts. Some had been wanting to make the change for as long as five years.
It became possible this year.
The FMA issued a notice to AFAs this week: “FMA expects those providing advice or selling KiwiSaver to put their customers first, and to concentrate on what outcomes are being achieved for them.”
It said this would mean providing information on fees and costs, access to information and advice, benefits, tax implications and the ramifications of exchange rate movements.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
