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 Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/business/fisher-axes-performance-fees-on-kiwisaver-funds/

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