Encounter the Difference

NZ CA is an association of independent Chartered Accounting firms, proactively working together for the benefit of our clients.

Tool helps track KiwiSaver

Published: 3rd December 2018

Author: Anonymous

Published in: TrialBalance December 2018 Issue 65

The authority has produced a tracker tool to help members compare and contrast fees and returns more easily. Just type “FMA KiwiSaver Tracker” into your search engine and you will get a wealth of information, provided yours is one of the many funds listed.

Quotes from the report include: “The tracker shows that there is no clear link between higher fees and higher returns, apart from a couple of standout funds.”

“The average investment management fee paid by members over the 2018 reporting year was $117, almost 20% more than a year ago”

“This year we ran a campaign calling on KiwiSaver members to check their annual statements.

“All KiwiSaver members were due to receive their annual statement in May and, for the first time, all KiwiSaver providers were required to tell members exactly how much they have been paying in fees in dollars.”

“We used influencers … to encourage KiwiSaver members to check our new Health Checker page in the hope they would take a few simple steps which could make a big difference in the long-term.

“Throughout the coming year, we will be conducting further work on the unreasonable fees test, as defined in the KiwiSaver Act.

“We regard active choices as important as they are a good indication that the provider’s financial literacy efforts have resulted in a member making a meaningful, informed choice in their own interest.”

Scam warnings

Meanwhile, the Financial Markets Authority has listed a number of suspected scam schemes. If you wish to check the list, type into your search engine: FMA warnings and alerts.

Related Articles

  • Auckland
  • Bay of Plenty
  • Canterbury
  • East Coast
  • Hawke's Bay
  • Manawatu/Wanganui
  • Nelson/Marlborough
  • Northland
  • Otago
  • Southland
  • Taranaki
  • Waikato
  • Wairarapa
  • Wellington
  • West Coast

nsaTax Limited

As a specialist provider, we have a specific range of services on offer to New Zealand and international businesses.

Tax laws and regulations, including their interpretations, are always changing and evolving so a large part of thier job is maintaining and developing our knowledge so we can continue to offer insightful advice and the most robust solutions to their clients

Region: Auckland

Phone: 09 309 6505

Focus Chartered Accountants

At Focus we believe that the Chartered Accountant of today is judged by the way in which they work with their clients to provide creative and creditable solutions to their business needs.  To do this successfully they must be a proactive member of their clients' business teams, and be prepared to dissolve the boundaries and limitations of traditional accounting work and thinking.

Region: Bay of Plenty

Phone: 0800 362 872

Brown Glassford & Co Ltd

Brown Glassford & Co Limited have a long history providing specialist farm accounting and business advice to the rural community. The combination of experience, expertise and quality staff makes us one of the leading providers of farm accounting services in the South Island. At Brown Glassford & Co Limited we also provide management and accounting advice to the commercial sector.

Region: Canterbury

Phone: (03) 365 0881

No firms in East Coast

Accountants Hawke's Bay Limited

Accountants Hawkes Bay is an Independent Chartered Accountancy firm operating in Hawke’ Bay providing quality business and financial advice. We are a progressive firm specializing in accounting, taxation, business growth and software solutions for small to medium sized businesses.

Region: Hawke's Bay

Phone: 06 843 4868

Naylor Lawrence

At NLA we believe that a good accountant will ensure your compliance and tax is completed to standard and on time. However, a great accountant will take the time to understand your vision for growing your business and help you plan the journey to achieve it. With some checks along the way!

Our team has the expertise to assist your business, whether it’s big or small, just starting out, or needing some fine tuning. We don’t just offer services – we offer personalised solutions for each of our clients.

Region: Manawatu/Wanganui

Phone: 06 357 0640

Wallace Diack Chartered Accountants Ltd

With over 50 years combined experience in New Zealand, Wallace Diack is committed to providing a comprehensive range of practical accounting services for today's economic environment that help you realise your goals.

We appreciate that selecting a firm to entrust with your accounting requirements is an important decision, intensified by rapid economic changes, increases in competitive pressures, and resource availability. With our benchmarking, cash flow forecasting, and other tools, Wallace Diack is well placed to help you make an informed decision.

Region: Nelson/Marlborough

Phone: (03) 578 7389

Sudburys Limited

Sudburys look after business owners providing solutions in all areas related to accounting, finance and wealth management. They work alongside their clients, from supporting them with their daily accounting needs, to providing them with valued business advice.

Region: Northland

Phone: (09) 430 4888

Flannery Tait

Flannery Tait Chartered Accountants is based in Alexandra with a satellite office in Cromwell.  The firm offers a variety of accounting services to clients who are located mostly in the Central Otago area.

Our Directors and staff have a great deal of experience built up over the past 30+ years and take pride in providing clients with a high-quality service at a competitive price. We are also actively involved in the local community and support many not for profit and
educational organisations.

Region: Otago

Phone: 03 448 8060

McIntyre Dick Limited

McIntyre Dick is a vibrant, driven, and people focused firm of Business Advisors and Chartered Accountants leading the industry in Southland, New Zealand. They’re dedicated to delivering exceptional service and strive to put time, mind and money back in their clients’ hands.

Region: Southland

Phone: 03 211 0801

Harris Taylor Limited

The Accountancy world is constantly changing and highly competitive. At Harris Taylor their challenge is to stay ahead of the competition by providing the best possible service, whilst ensuring that client satisfaction remains our primary motivation and ultimate goal.

Region: Taranaki

Phone: 06 278 5058

Candy Gillespie Limited

Since its formation in 1962 Candy Gillespie Ltd of Matamata has been at the forefront of accountancy by providing clients with broad and relevant services.

Candy Gillespie pride themselves on being friendly and accessible, and as accounting specialists our business is helping businesses successful.

Region: Waikato

Phone: 07 888 7089

Southey Sayer

Offering a full range of accounting and business development services, tailored to meet the needs of each individual client. The wide range of expertise and experience within the firm is shared amongst the partners and their teams for their clients benefit. Services and products offered are fully flexible there will be no expectation to conform to a certain product or pricing structure.

Region: Wairarapa

Phone: (06) 370 0811

Gambitsis Crombie Limited

Gambitsis Crombie can trace its history back to 1966. Over the years it has undergone several name changes and based itself at several locations around the Hutt Valley. With all the changes over the space of forty plus years Gambitsis Crombie has always retained the fundamental principles of honesty and integrity.

Region: Wellington

Phone: 04 939 1975

Marshall & Heaphy Limited

Central to the culture of the team that has been developed over their history, is the belief that successful and sustainable businesses are the backbone for the West Coast community. Great businesses create jobs, keeping people and family together on the Coast, building a sustainable community.

Region: West Coast

Phone: 03 768 7186