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 3 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 September 2020 (per MorningStar):
Balanced fund category
2nd best returning fund over 1 year = 9.3%/year = Booster SRI Balanced
1st best returning fund over 3 years = 9.0%/year = Booster SRI Balanced
3rd best returning fund over 5 years = 8.5%/year = Booster SRI Balanced
Aggressive fund category
2nd best returning fund over 1 year = 14.4%/year = Booster SRI High Growth
1st best returning fund over 3 years = 12.1%/year = Booster SRI High Growth
2nd best returning fund over 3 years = 11.3%/year = Booster Geared Growth
1st Best returning fund over 5 years = 12.4%/year = Booster Geared growth
2nd best returning fund over 5 years = 11.6%/year = Booster SRI High Growth
1st Best returning fund over 10 years = 9.7%/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 September 2020 (per MorningStar):
Conservative fund category
2nd best returning fund over 3 years = 5.8%/year = Milford Conservative
1st best returning fund over 5 years = 6.3%/year = Milford Conservative
Balanced fund category
3rd best returning fund over 3 years = 8.5%/year = Milford Balanced
1st best returning fund over 5 years = 9.1%/year = Milford Balanced
1st best returning fund over 10 years = 10.4%/year = Milford Balanced
Growth fund category
2nd best returning fund over 3 years = 10.0%/year = Milford Active Growth
1st best returning fund over 5 years = 10.7%/year = Milford Active Growth
1st best returning fund over 10 years = 12.5%/year = Milford Active Growth
Aggressive fund category
1st best returning fund over 1 year = 16.2%/year = Milford Aggressive
3. Juno
Juno KiwiSaver was established in August 2018 by Pie Funds, an investment firm which again is New Zealand owned and operated. Juno only provide 3 different KiwiSaver options, however have stormed onto the market in terms of both market share and returns. Juno don’t offer particularly many features, however do offer a low single fee structure which is tiered dependent on the amount of money you have in your KiwiSaver. Again, Juno take an active approach to their investing, which has evidently succeeded in their short time on the KiwiSaver market.
See below for Juno’s awards for best returns by fund type as at 30 September 2020 (per MorningStar), do note that Juno can only enter in the 1 year category as they haven’t been around long enough to compare over further time spans:
Moderate fund category
1st best returning fund over 1 year = 7.5%/year = Juno Conservative
Balanced fund category
1st best returning fund over 1 year = 15.4%/year = Juno Balanced
Growth fund category
1st best returning fund over 1 year = 23.7%/year = Juno Growth
As the stats detail above, investing in an NZ owned and operated KiwiSaver scheme doesn’t mean that you have to pay more in fees, lose returns or get less features, in fact it is the opposite! If you want invest in a Kiwi-KiwiSaver. and have your balance being maximised for returns and suitable for your personal situation, follow the link below to our online fact find. The fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
List of all KiwiSaver providers that are New Zealand owned and operated
Amanah KiwiSaver Plan
Booster KiwiSaver Scheme
CareSaver KiwiSaver Scheme
Fisher Funds KiwiSaver Scheme
Fisher Funds Two KiwiSaver Scheme
Generate KiwiSaver Scheme
Juno KiwiSaver Scheme
Kiwi Wealth 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
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
Mercer KiwiSaver Scheme
One Answer KiwiSaver Scheme
Westpac KiwiSaver Scheme