Cautious banks win - but investors are losing

Posted by in Kiwisaver, Savings on

The new statements reveal that the banks have slam dunked traditional fund management companies in the battle for KiwiSaver funds under management. This is great news for their shareholders, who are mainly Australians. But we have to look at the issue in more detail to determine whether it is in the best interest of New Zealand savers, particularly KiwiSaver members who want to maximise the size of their retirement fund.

To read the full story click this link to the NZ Herald wesbite.