Best New Zealand owned and operated KiwiSaver providers

As Kiwi’s, we like to support fellow Kiwi’s. All too often KiwiSaver investors are default investing with commercial banks that are Australian owned, and having their fees shipped off-shore.

This is why many KiwiSaver investors are choosing to invest only in New Zealand owned and operated KiwiSaver providers. For this reason, we’ve compiled a comprehensive list detailing all KiwiSaver schemes, and picked our top 2 New Zealand KiwiSavers out of the lot!

1. Booster

Booster (previously named ‘Grosvenor’) has been around since KiwiSaver was established and is proudly New Zealand owned and operated. Booster provide 19 different KiwiSaver funds to choose from, and allow KiwiSaver investors the opportunity to take part in ethical investment options, which are certified by the Responsible Investments Association of Australasia (RIAA).

Booster offer several other features including no member fees on KiwiSaver balances under $500, direct partnership and investment in New Zealand businesses, mobile and web app as well as accidental death cover of up to $50,000. Booster take the investment approach of passive core strategy, with an active satellite. This approach has proved to work with the KiwiSaver provider, who have boasted the following awards for best returns by fund type as at 30 June 2021 (per MorningStar):

• Balanced fund category

  • 3rd best returning fund over 3 years = 10.0%/year = Booster SRI Balanced

• Aggressive fund category

  • 1st best returning fund over 3 years = 14.4%/year = Booster SRI High Growth

  • 2nd best returning fund over 5 years = 13.6%/year = Booster SRI High Growth

  • 3rd best returning fund over 10 years = 10.2%/year = Booster SRI High Growth

• Miscellaneous fund category

  • 3rd best returning fund over 1 year = 32.7%/year = Booster Geared Growth

  • 3rd best returning fund over 3 years = 15.8%/year = Booster Geared Growth

  • 3rd best returning fund over 5 years = 16.2%/year = Booster Geared Growth

  • 1st best returning fund over 10 years = 12.0%/year = Booster Geared Growth

2. Milford

Milford Asset Management’s KiwiSaver funds were established in 2007 and again is New Zealand owned and operated. Milford offer 6 different KiwiSaver options, and similar to Booster above, use a negative screening approach towards sustainable investing, ensuring that companies and industries such that engage in harmful activities to the environment and community are excluded from their portfolios, again being certified by the RIAA for this.

Milford offer several features including direct partnership and investment in New Zealand businesses as well as a mobile and web app. Milford take an active approach to their investing, which like Booster, has paid off. See below for Milford’s awards for best returns by fund type as at 30 June 2021 (per MorningStar):

• Conservative fund category

  • 2nd best returning fund over 1 year = 6.8%/year = Milford Conservative

  • 3rd best returning fund over 3 years = 5.8%/year = Milford Conservative

  • 1st best returning fund over 5 years = 6.0%/year = Milford Conservative

• Moderate fund category

  • 1st best returning fund over 1 year = 11.7%/year = Milford Moderate

• Balanced fund category

  • 2nd best returning fund over 3 years = 10.3%/year = Milford Balanced

  • 1st best returning fund over 5 years = 10.4%/year = Milford Balanced

  • 1st best returning fund over 10 years = 11.3%/year = Milford Balanced

• Growth fund category

  • 1st best returning fund over 3 years = 12.5%/year = Milford Active Growth

  • 1st best returning fund over 5 years = 12.9%/year = Milford Active Growth

  • 1st best returning fund over 10 years = 14.1%/year = Milford Active Growth

• Aggressive fund category

  • 2nd best returning fund over 1 year = 29.8%/year = Milford Aggressive

List of all KiwiSaver providers that are Majority New Zealand owned and operated

• Amanah KiwiSaver Plan

• Booster KiwiSaver Scheme

• Pathfinder KiwiSaver Scheme

• Generate KiwiSaver Scheme

• Juno KiwiSaver Scheme

• KiwiWrap KiwiSaver Scheme

• Koura KiwiSaver Scheme

• Lifestages KiwiSaver Scheme

• Milford KiwiSaver Scheme

• NZ Defence Force KiwiSaver Scheme

• NZ Funds KiwiSaver Scheme

• Quay Street KiwiSaver Scheme

• Select KiwiSaver Scheme

• Simplicity KiwiSaver Scheme

• Summer KiwiSaver Scheme

• Superlife KiwiSaver Scheme

List of all other KiwiSaver providers that are overseas owned

• AMP KiwiSaver Plan

• ANZ KiwiSaver Scheme

• Aon KiwiSaver Scheme

• ASB KiwiSaver Scheme

• BNZ KiwiSaver Scheme

• Fisher Funds KiwiSaver Scheme

• Fisher Funds Two KiwiSaver Scheme

• Mercer KiwiSaver Scheme

• One Answer KiwiSaver Scheme

• Westpac KiwiSaver Scheme