Fisher axes performance fees on KiwiSaver funds
Acquisition of Kiwi Wealth created economies of scale, says CEO.
Fisher Funds chief executive Bruce McLachlan.
Fund manager Fisher Funds has announced an end to performance fee charging on its KiwiSaver funds, saying its acquisition of Kiwi Wealth had created economies of scale.
Last year, Fisher reported performance fee income of $77.2 million for the year to March, in addition to its management fees of
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