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  2. Consultation
  3. Consultation: Proposed guidance on KiwiSaver fees and value for money

Consultation: Proposed guidance on KiwiSaver fees and value for money

Page last updated: 2 Nov 2020

Final date for submissions

Monday 14 December 2020

Consultation paper

Proposed guidance on KiwiSaver fees and value for money

Submission form

Feedback form

Email for submission

consultation@fma.govt.nz

We are seeking input on the regulatory approach to the statutory requirement that KiwiSaver fees must not be unreasonable and the related overarching statutory duties.

Feedback will be used to help us refine our proposed guidance for managers and supervisors of KiwiSaver schemes. The guidance will clarify:

  • the statutory duties of managers and supervisors in relation to fees and value for money
  • what factors should be considered when assessing whether fees are unreasonable and whether KiwiSaver fees are providing value for money
  • examples of when fees may be unreasonable
  • the FMA’s role and enforcement options.

Submissions close Monday 14 December.