Kiwisaver: Good scheme provider

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Forums › Finance and wealth management › Kiwisaver: Good scheme provider

sidefx

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#195871 9-May-2016 16:59

Just wondering if anyone has done any recent research or has any insight on good kiwisaver scheme providers? Mine is currently with Fisher funds, but only because I was convinced at some point in the past to signed up with Tower kiwisaver before they sold it. I've been meaning to shop around a bit at some point to check if I could do better, so just wondering if anyone here has any thoughts?

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#1548808 9-May-2016 17:21

I was just about to recommend Fisher Funds Kiwisaver, though I haven't compared returns recently in the long term they've done relatively well for me. My funds came through all the recent crises with no losses, but minimal gains too.

Geektastic

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#1548815 9-May-2016 17:29

So far the former Gareth Morgan fund, now Kiwi Wealth, has done well for me.

ZollyMonsta

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#1548819 9-May-2016 17:39

My wife and I are with Fisher Funds.

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Ryanj37

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#1548831 9-May-2016 18:12

Hey

I would recommend you make sure you are aware of fees when choosing a provider/scheme. Some providers charge huge fees that can make a massive impact on the returns you receive.

I recently switched providers after I realised I was paying large fees. The Sorted Fee KiwiSaver fee calculator is a good place to start.

Good luck

alasta

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#1548840 9-May-2016 18:33

See if this helps.

ockel

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#1548843 9-May-2016 18:37

Morningstar put out a report every quarter for all the providers. Ranks by group (and shows the default funds). Includes fee information.

Morningstar Kiwisaver - March quarter

EVERY person who is in Kiwisaver should regularly review the performance of their fund and their risk profile to ensure that their provider remains relevant.

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antoniosk

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#1548850 9-May-2016 19:04

Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

Good link guys

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ockel

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#1548853 9-May-2016 19:07

antoniosk:

Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

Good link guys

Any monkey can get good returns with a small, nimble fund. Generating ongoing good returns from a large fund is very difficult. Which is why most fund managers close their doors on a product at at some arbitrary level of capacity. Size impacts returns. Too big and you end up with median returns.

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Lostja

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#1548873 9-May-2016 19:55

Superlife has done well for me since signing up 2.5 yrs ago

radomatic

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#1548908 9-May-2016 21:18

I have been with ASB's scheme for a long time now - I have no problems, and I have always been happy with their service (and the returns for that matter).

I especially like that it integrates with my online banking, but that point is obviously moot if you are not already an ASB customer.

BlinkyBill

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#1548978 10-May-2016 06:55

I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

I went with Milford as I wanted to try out a boutique provider who don't do other finance services. Only been there a month, so we'll see how they go.

Although I have moved providers I am staying with a growth/aggressive strategy for kiwisaver, so that is a long-term play.

I popped $50k into funds for each of my kids in December, and decided on ANZ as a solid performer, near the top, and with banking services also. They have done ok so far.

iDear

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#1549287 10-May-2016 13:43

I use superlife and their fees are at the low end compare to others. You can put money into different funds and change it if you want to.

I put most of the money into property funds couple years back when they did well and now switched to conservative fund expecting a downturn in our stock and property market.

dejadeadnz

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#1549288 10-May-2016 13:46

BlinkyBill: I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

This is coming from someone who hates Kiwibank (I won't go into it here) but even I have to defend them. I really hope you aren't making any long term investment decisions based solely or even mainly on one (or even a few) past quarters' performance of a fund. Most reputable studies tell you that, for example, the fee structure and levels of fees for a fund are far bigger determining factors of overall returns than past performance.

Geektastic

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#1549322 10-May-2016 14:41

BlinkyBill: I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

I went with Milford as I wanted to try out a boutique provider who don't do other finance services. Only been there a month, so we'll see how they go.

Although I have moved providers I am staying with a growth/aggressive strategy for kiwisaver, so that is a long-term play.

I popped $50k into funds for each of my kids in December, and decided on ANZ as a solid performer, near the top, and with banking services also. They have done ok so far.

If you have 10 kids, I am well impressed...!

antoniosk

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#1549337 10-May-2016 15:28

ockel:

antoniosk:

Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

Good link guys

Any monkey can get good returns with a small, nimble fund. Generating ongoing good returns from a large fund is very difficult. Which is why most fund managers close their doors on a product at at some arbitrary level of capacity. Size impacts returns. Too big and you end up with median returns.

So what strategy do you follow? personally i don't like funds as it's hard to ever understand if you're doing reasonably well, but I agree on your comments about providers closing funds - sometimes they split them too (see Fidelity's split of their major UK portfolio with Anthony Bolton was in charge)

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