All KiwiSaver Providers

Booster are an investment management company that focus on KiwiSaver and other more liquid investments. Booster offer 15 unique funds, ranging from standard diversified funds, to ethical funds, to funds incorporating either hedging or leveraging.

Booster engage in private equity investing through their Booster Tahi Limited Partnership, which most of their KiwiSaver funds are invested in to a small degree (up to 5%). The Booster Tahi fund invests in New Zealand companies such as Waimea Estate, Sunchaser Avocados and Dodson Motorsports to name a few.

Booster do not charge fees to anyone with balances below $500, which is a bonus for people just starting in the KiwiSaver scheme. Booster are a New Zealand owned KiwiSaver scheme that started in 1998, when it was previously known as Grosvenor Financial Services Group.

Westpac KiwiSaver is one of the four large Australian owned banks that operate in New Zealand. Westpac offer seven unique diversified funds ranging from low-risk cash based funds to higher risk growth asset weighted funds.

Westpac is the third largest KiwiSaver provider in regard to assets under management.

KiwiWealth offers 7 unique funds which are standard highly diversified funds ranging from cash to growth. KiwiWealth was started in 2000 by Gareth Morgan, at that time it was known as ‘Gareth Morgan Investments’. Kiwi Group then purchased the company and rebranded it in 2014 to KiwiWealth.

KiwiWealth don’t charge performance fees and have a regular fee structure charging management fees as a percentage of total KiwiSaver balance.

Simplicity KiwiSaver is quite unique as it’s owned by a charitable trust and is therefore run as a charity. They began in 2016 by Sam Stubbs who previously worked as CEO of Tower Insurance.

Simplicity employs a passive investment philosophy and has a very low fee structure on the three funds they offer, being the conservative, balanced and growth fund.

SuperLife KiwiSaver is a member of the NZX Group. SuperLife offer over 40 different KiwiSaver funds which are largely passive index tracking funds.

SuperLife KiwiSaver have been operating for over 50 years and have attracted over 50,000 members. They’re also one of the default providers, working in conjunction with SmartShares under the NZX Group.

AMP is a financial services company that operates in both New Zealand and Australia, and is Australian owned. AMP offer KiwiSaver, Superannuation, Investments and Insurance products within New Zealand.

AMP are an established KiwiSaver provider, and are currently the 5th largest provider in regard to funds under management. They were previously a default provider, however lost their default status late in 2021. Currently offer a range of KiwiSaver products, including equity only and fixed interest only products.

ANZ is one of the four large Australian banks that operate within New Zealand. They are the largest KiwiSaver provider in regard to funds under management, holding over 20% of the funds on the KiwiSaver market. ANZ currently offer 6 standard KiwiSaver funds that range from cash to growth in nature.

ANZ is an active fund manager and does not offer any passive index tracking options.

AON is a leading insurance broker and was started over 20 years ago. AON offers over 10 different funds, spanning cash only, fixed interest only, multi-asset options as well as funds operated by third parties including Milford, Nikko and Russell. AON is a comparatively small KiwiSaver provider in regard to funds under management.

ASB is one of the four large Australian banks that operate in New Zealand. ASB is the 2nd largest KiwiSaver provider when ranking by funds under management, following ANZ.

ASB offer the standard KiwiSaver options from cash to growth type funds, and now also offer an ethical fund which is of a balanced nature.

Christian KiwiSaver scheme is the only KiwiSaver fund provider who invests strictly in line with Christian values. Christian KiwiSaver offers three unique funds including the Growth Fund, Balanced Fund and Income Fund (which is of a conservative nature). Christian KiwiSaver also engages in ethical investing, and have an active investment philosophy.

Fisher Funds was started in 1998 and, when considering in conjunction with Fisher Funds Two, is the 4th largest KiwiSaver provider based on funds under management. Fisher funds offer three unique KiwiSaver funds including Conservative, Balanced Strategy and Growth. Fisher also offer a ‘GlidePath’ option which adjusts your KiwiSaver asset weighting dependent on your age.

Fisher Funds is an active manager which aims to outperform the market.

Fisher Funds Two was previously owned and operated by Tower Investments, however when Fisher Funds acquired Tower Investments in April 2013 Fisher Funds Two was coined. They offer 7 unique funds including standard conservative, balanced and growth funds, as well as all equity funds and cash funds.

Fisher Funds Two offer actively managed funds with the intention of outperforming the market.

Generate is a fast-growing KiwiSaver scheme which is now the 9th largest KiwiSaver provider when comparing total funds under management. Generate offer three core funds including the Conservative Fund, Growth Fund and Focused Growth Fund.

Generate funds are actively managed and therefore fees are correspondingly higher than their passively managed counterparts. Generate also offer a unique product named “Stepping Stones” which adjusts a customers portfolio dependent on their age.

Juno is a relatively new KiwiSaver scheme, however they are owned and operated by Pie Funds which was started in 2007. Juno is an active fund manager which offers three standard funds including the Conservative Fund, Balanced Fund and Growth Fund.

Juno has a unique fee structure whereby fees are tiered depending on the size of your balance. For instance if an investors balance is between $15k and $25k they are charged $8/month, between $25k and $50k they are charged $20/month and so on.

Juno is a New Zealand owned and operated KiwiSaver provider.

KiwiWrap was started in January 2021 by Consilium and allows KiwiSaver investors to pick and choose the assets which go into their KiwiSaver fund, allowing investors to entirely create their own portfolio.

With a far more active and customisable approach to investing, indivduals must engage a financial adviser to begin investing with KiwiWrap.

Kōura is a relatively new KiwiSaver provider and the first to offer robo-advice. This robo-advice both suggests a fund for you to invest in and models your retirement based on a number of factors.

Kōura is a relatively low-cost provider, which utlises a passive investment style (investing in the entire market rather than picking individual stocks).

Lifestages KiwiSaver offers two unique KiwiSaver funds including the High Growth fund and the Income fund. Lifestages encourages KiwiSaver investors to weight their KiwiSaver between the High Growth fund and the Income fund dependent on their age (i.e. higher weighting to the high growth fund when younger, and lower weighting when older).

Although Lifestages passively manage their KiwiSaver funds, they still charge a relatively high feee considering this management style, with annual membership charges of $24/annum and management/administration fees of between 0.99% and 1.19%.

Mercer has been trading in New Zealand for over 60 years and has been offering KiwiSaver funds since its inception. They offer 7 different funds which range from low-risk cash funds to high-risk aggressive funds.

Mercer actively manage their funds with the intention of outperforming the market, their fees are therefore higher than those KiwiSaver funds that are passively managed.

Mercer was a default KiwiSaver fund however were not selected to remain during the 2021 review.

Milford began operating in 2003 and has gained notoriety in the KiwiSaver community for their consistent, and substantial returns. Milford offer 6 KiwiSaver funds spanning from cash for the risk averse to aggressive for the long term investor.

Milford is an active fund manager who intend to outperform their market benchmarks. Accordingly, they charge membership fees, management fees and in some cases performance fees if targets are met.

The New Zealand Defence Force KiwiSaver scheme is the only KiwiSaver provider specifically targeted at those working in the NZ Defence Forces. Only eligible KiwiSaver investors who are working for either the Air Force, Navy, Army or other NZ Defence force organisations can join the scheme.

The New Zealand Defence force offers its employees who are invested in the scheme special benefits including a 4% employer match, monthly prize draws and occasional $1,000 bonus payments. The NZ Defence force KiwiSaver funds are managed by Mercer, and are exactly the same as any Mercer fund.

NZ Funds began operating in New Zealand in 1998 and offer four unique funds including the Income Strategy fund, Inflation Strategy fund, Balanced fund and Growth Strategy fund. NZ Funds are actively managed and therefore attract higher fees while also charging performance fees if they exceed targets.

NZ Funds are the only KiwiSaver to invest in cryptocurrencies including Bitcoin, Ethereum, Solana, Cardano and many more.

OneAnswer KiwiSaver is ran by ANZ, one of the largest banks in New Zealand. OneAnswer KiwiSaver is typically considered in conjunnction with ANZ KiwiSaver given its management, and therefore is the largest KiwiSaver provider in terms of assets under management.

Pathfinder is the most ethical KiwiSaver provider on the market, and has been of the ethical persuasion since their conception. They also perform both negative and positive screening of their assets held in their funds.

Pathfinder offer three funds, the conservative, balanced and growth funds. As a perk, they donate 20% of their management fees to charity, which the KiwiSaver member can select.

Pathfinder was previously branded as Caresaver KiwiSaver.

QuayStreet KiwiSaver is owned by Craigs Investment Partners and offers actively managed funds.

Quaystreet offers 10 unique KiwiSaver funds, each with varying asset weightings and approaches to ethical investing. Their KiwiSaver fees are comparatively high to other KiwiSaver providers.

Select KiwiSaver is managed by Smartshares Limited (Smartshares). Smartshares also performs the role of KiwiSaver Scheme Provider.

Smartshares has appointed JMI Wealth as the investment manager of the Scheme. Smartshares has appointed Select Wealth as the distributor of the Scheme.

The Select KiwiSaver scheme offers three diversified funds, being the Conservative Fund, Balanced Fund and Growth Fund. Members can also choose a combination of these funds. With the Select KiwiSaver funds, they are a fund of funds, so there is an emphasis on diversification.

Smartshares KiwiSaver is owned by the NZX group and offer over 40 various funds, all of which are passive in nature.

Smartshares offer the lowest fees of any default balanced KiwiSaver fund, through SuperLife, all while providing access to a comprehensive selection of ETF’s both internationally and domestically.

Summer KiwiSaver was started by Forsyth Barr in 2016 and is an actively managed fund provider. Summer offer seven different single sector funds, as well as three different multi-sector funds.

Although Summer are an actively managed fund, they don’t charge performance fees if their funds beat objectives, which is quite unique compared to other fund providers we’ve listed.