KiwiSaver investor documents are shorter but not sweeter, researchers say

New rules have shortened the documentation that KiwiSaver providers give investors – but it has not become any easier to understand.

As part of the Financial Markets Conduct Act changes, fund managers, including KiwiSaver providers, are now required to provide shorter and more templated product disclosure statements.

For many investors, these are their main source of information about the funds - covering things such as where money is invested, how risky the investment is, what fees will be charged and what taxes will apply. 

The new rules were meant to cut down the amount of unnecessary data investors were given, which could make it harder for them to access the relevant information.

from
http://www.stuff.co.nz/business/96011038/KiwiSaver-investor-documents-are-shorter-but-not-sweeter-researchers-say