Are KiwiSaver funds good value for money? If not, what should you do about it?

A listener asks about Financial Markets Authority report on KiwiSaver and other managed funds

  • 3 key findings: impact of fees, wrong indexes, commissions paid
  • KiwiSaver still worth being in because of government and employer contributions
  • But go for low fees
  • Funds with high returns often don’t stay good
  • Is KiwiSaver best if contributing for grandchildren?

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Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.