Understanding performance and fees

What affects your savings?

Your savings can go up or down because of the investment performance of your fund. Investment performance reflects the gains or losses made when the assets which our funds invest in change in value or earn income. 

Watch our video to learn more about performance and how it affects your retirement savings.

For more information see: 

How we charge fees

When it comes to fees, we have a straightforward approach. You pay fees in two ways – and these cover everything that’s involved in the management of your investment.

Membership fee: This is a flat $2 a month (or $24 a year) and it helps to pay for the day-to-day administration of your KiwiSaver account. It’s deducted from your KiwiSaver account every month.

Annual fund charge: This is a percentage amount based on the fund (or funds) you’ve chosen to invest in. Importantly it pays for the investment management of that fund – that is the skills and expertise of our investment team who carefully manage the money you have invested. It also pays for the supervision of our scheme by an independent third-party, and our regular communications to you. It’s calculated daily and is worked out from the unit price of the fund.

Costs, fees and taxes are also deducted from the funds.

What your fees pay for

  • Our ‘active’ investment management approach. Our investment team carry out a high level of research and analysis in their pursuit of delivering above-average long term returns for our members. It’s a proven process, with diverse international reach when it comes to finding what we believe are the best investments for our funds.
  • Our hands-on approach to responsible investing.
  • Ability to view and transact on your KiwiSaver account online and via your mobile phone, putting you in control of your retirement savings.
  • Regular information and updates delivered directly to your inbox, and access to tools and information on our website to help with your investment decisions.

See our article on fees if you've been wondering what your fees pay for?

 

 

 

 

 

 

 

For more information about our fees, see the guide and product disclosure statement for the KiwiSaver scheme you belong to:

Comparing ANZ’s performance with that of other scheme providers

With multiple scheme providers all offering different types of funds, it’s important to make sure you’re making the right comparisons.

Here’s some things to take into account:

  • Make sure you compare apples with apples by assessing similar fund types (e.g. compare a balanced funds with other balanced funds)
  • Don’t just look at fees on their own – while funds with lower fees may leave a few more dollars in your account each month, it says nothing about what they can deliver you in performance over the longer term, or their ability to navigate the ups and downs in markets
  • While fees are an important factor, they shouldn't be the only consideration. Look at the scheme provider’s long term performance after fees, as this is one of the primary factors that’ll determine how much money you have in your KiwiSaver account at retirement. Choosing a fund solely on fees means you may miss out on greater returns and a bigger balance in your KiwiSaver account at retirement.
  • Remember that past performance isn’t a guarantee of future performance, and that funds which have performed well in the past may not do so again in the future.

Our track record speaks for itself, recognised through the many awards / external recognition we’ve received.

Where can you find more information?

Comparing KiwiSaver schemes and funds can be a time-consuming business. However, there are a number of online resources that can help you make useful comparisons. We suggest you try:

  • Market review - a summary of how the funds you're invested in have performed.
  • ANZ’s website – includes current and historic unit prices, fund performance, actual investment mix reports, fund updates, our guide and product disclosure statement and information about fees .
  • Sorted website - in particular the KiwiSaver fund finder tool, which compares total fees (fund fees and membership fees), returns and services.

If you'd like to discuss this in more detail, you can call our team of ANZ Financial Advisers on 0800 269 238, email wealthdirect@anz.com, or speak to your own financial adviser. An ANZ Financial Adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008.

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