OPINION: Can a fund manager lose a large amount of your money by making bad investments?

Could their business go bankrupt and take all your investments with it?

What happens if they’re a crook and embezzle your money – will it end up buried in Barbados, never to be seen again?

For anyone who invests in KiwiSaver or any other managed fund, these are questions we want to know the answer to. It’s well publicised that the government doesn’t stand behind any investment scheme in New Zealand (not even KiwiSaver). We can only rely on the rules enforced by the Financial Markets Authority to protect us.

READ MORE:
* Why you’re probably investing too much in KiwiSaver
* Fund managers need to start showing investors ‘value for money’
* ‘Public misled’ in KiwiSaver advertising promoting green credentials
* Clients suffer when financial advisers get kickbacks

Does the regulator put enough laws in place to ensure we are informed about risk…

Read full article at www.stuff.co.nz

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