Financial adviser calls for cap on fees; fund managers, NZ Super Fund and Labour respond.
"High fees have been well disguised by high returns from the markets in the years since the GFC. However, as Brent alludes to, over the next decade I suspect returns will be a lot lower meaning high fees will become a much more obvious drag on both absolute and relative returns"
Our market has taken off in recent years, buoyed by high earnings expectations and price-to-earnings expansion.
"The comments on the electricity companies miss the point...whilst they are expensive on pe they are not on price : cashflow and it seems pretty clear that,due to dividend policy,the directors privately believe depreciation charges are too high"