Updated 19 July 2017
Final date for submissions |
5pm, Friday 23 June 2017 (this consultation has concluded)
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Consultation documents | |
Submission form | |
E-mail for submission | consultation@fma.govt.nz with the subject line: ‘KiwiSaver annual statements’: [Your entity name]’. |
Resulting documents |
19 July 2017
We have issued a methodology notice which helps KiwiSaver scheme providers calculate the total fees charged to each investor. See the methodology notice, regulatory impact statement and amended guidance note for managed funds on fee disclosure above.
8 June 2017
We have decided to issue a methodology notice to help KiwiSaver scheme providers calculate the total fees charged to each investor. We will give KiwiSaver scheme providers the option to use either a cent per unit formula (CPU methodology) or a total annual fees calculation (TAFC methodology) to calculate total fees.
Submissions closed on Friday 23 June 2017.
Please note that the methodology notice is not in effect and cannot be relied on until it comes into effect on the commencement date of the notice.
This consultation was first published on 11 April 2017
Final date for submissions |
5pm, Friday 5 May 2017 (this consultation has concluded) |
Consultation document |
KiwiSaver annual statements - calculation of total fees in dollars |
Submission form | |
E-mail for submission | consultation@fma.govt.nz (please use the title of the consultation paper for the subject line) |
All KiwiSaver providers will soon need to display the dollar amount of total annual fees paid by each investor in investors annual statements.
To help providers do this, we will be issuing guidance on the methodology for how the total fees amount should be calculated.
We are seeking feedback on this guidance.
Submissions closed on Friday 5 May 2017.
If you have questions, please contact us at questions@fma.govt.nz