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Investment
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FMA urged to take position on use of spreads in KiwiSaver

Investment platform says it does not understand FMA’s reluctance.

The founder of online investment platform InvestNow is surprised the Financial Markets Authority doesn’t take a stronger position on the use of spreads by fund managers, saying not having them creates “hidden inequities” for investors.

On Wednesday, the FMA published a 21-page guidance on

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FMA urged to take position on use of spreads in KiwiSaver
Investment,
87039