18 May 2022

Findings from MIS manager Value For Money self-assessment tool pilot

The FMA’s 2021 guidance on managed fund fees and value for money introduced an expectation for Managed Investment Scheme (MIS) managers to carry out regular reviews of scheme fees and whether customers are receiving value for money.

The FMA and Supervisors have worked with sample of MIS managers on a trial of Value for Money reviews, to help determine how these should be implemented across the industry. This report looks at:

  • findings from the pilot;
  • topics arising from reviews meriting industry response and discussion; and
  • next steps for embedding Value for Money reviews as business-as-usual.

Download the report.