Members are advised to take a look at their latest statements
The Financial Markets Authority’s (FMA) has announced that KiwiSaver members can now take a look at their KiwiSaver Tracker, which has been updated with the data for the period from the beginning of January 2018 to the end of March 2018.
On May 18, the FMA urged KiwiSaver members to check their annual statements this year to find out whether or not they’re getting good value for money.
The regulator has developed a KiwiSaver health checker which helps Kiwis answer four important questions regarding their account: Am I in the right fund? Could I be saving more? Am I paying the right amount of tax? Am I paying too much in fees?
The FMA also launched a campaign targeting young women to encourage them to connect with KiwiSaver.
“We encourage everyone to check their annual statement this year and look at how much their fees are,” says FMA acting director of external communications and investor capability Simone Robbers. “Many will be surprised.”
In its latest release, the FMA said the original tracker which used the data for the period from the beginning of July to the end of December 2017 can also be accessed via its website.
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