What charges are there?

As with any savings scheme, there will be costs incurred for managing Whai Rawa. Such as : Manager’s & Administration Manager’s fees; Trustee fees; Expenses of the Trust/Other fees.

Investment Manager fees will be met by members until further notice. Te Rūnanga o Ngāi Tahu has agreed to pay all the remaining fees and expenses until 30 June 2017. From 30 June 2017, Te Rūnanga may decide to reduce the amount it pays towards those fees or decide not to pay them at all. Any fees not paid by Te Rūnanga o Ngāi Tahu or any other third party will be met by Whai Rawa and may be charged to Members’ accounts. For more information see Section 4 (page 14) of the  2015 Investment Statement.