Articles by Steve Munro - Guest Contributor.
The latest Morningstar KiwiSaver results are out, and if you’re with ANZ, you might want to sit down for this. Turns out the biggest provider isn’t exactly the best performer. Despite holding nearly $22 billion in KiwiSaver funds, ANZ have been consistently underwhelming across multiple fund categories.
Here’s how they ranked in the past year:
• 18th in Conservative
• 21st in Moderate
• 32nd in Balanced
• 25th & 26th in Growth
• 16th in Aggressive
Not great. But what about the last 10 years?
• 12th in Conservative
• 6th in Moderate
• 14th in Balanced
• 10th in Growth
Slightly better, but still nothing spectacular.
So why does ANZ still hold the most KiwiSaver money?
That’s the real question. If they’ve been consistently average, why aren’t people moving? The answer is simple: most people aren’t paying attention.
KiwiSaver is set and forget for many, and that’s a huge problem. Thousands are still sitting in default funds, missing out on better returns. Many haven’t reviewed their fund choice since they first signed up.
KiwiSaver isn’t just something you check when you retire—it’s a key part of your future wealth. Whether you’re buying a first home or saving for retirement, making sure your money is in the right place can make a serious difference.
Depending on your contributions, time in the market, and fund choice, making the right switch could mean tens or even hundreds of thousands of extra dollars in your retirement savings.
With NZ’s superannuation future uncertain, ensuring KiwiSaver is working for you—not just your provider—is essential. Regularly check the performance of your current fund, and if it’s sub-par, consider changing providers.
If this has got you thinking, let’s chat, because the easiest way to assess the various providers is to talk to a financial adviser. I can help you review your KiwiSaver, check if you're in the right fund, and make sure you're not leaving money on the table. A 10-minute conversation could be worth thousands (or more) in the long run. And even better, this review won’t cost you anything apart from a little bit of time.
Get in touch today and let’s check your KiwiSaver strategy: [email protected] or send an enquiry through the Risk Direct website.
Hi Salesh, I just wanted to send you an email on behalf of GRA to say how fantastic we have found your company to date. As you know, Ben and I joined GRA a couple of months ago and have just found you so amazingly helpful in getting our new property set up correctly and sorted out. We have what I would consider a rather complicated structure as a result and it’s a fantastic feeling to know that we are getting everything done in the best way possible. We have just had approval to put a minor dwelling on the property which will make a massive difference in terms of cash flow and obviously value, something we would never have even thought of without GRA and which we are very excited about. During the buying process we attended a seminar with Matthew and from the outset thought he was fab. We therein signed up for property school and found this nothing short of fantastic. The content was relevant, up to date and comprehensive, but more importantly it was taught in a way that we could actually understand and really get value out of. I wanted to mention also, that everybody GRA have recommended to us has been just so efficient and absolute masters at what they do. A wonderful network of people that we feel very lucky to now be able to call on. From Kris Pederson and Bryan Rist who put our mortgage together to the insurance guys they then referred us to, I’m super impressed. Within GRA, Ellery has probably turned things around for us faster than I’ve ever known before, something which we appreciated so very much when it came to crunch time. She’s always a pleasure to deal with and again, we’re stoked. We’ve just settled on the property today and are about to go and get the keys. I’m pretty pumped and hence this email is probably rather excitable. So, a massive thank you to you Salesh, the partners for such a fabulous 6 weeks at property school and everyone at GRA for their help. May this be the start of our property empire. Thanks again, - A & B - July 2015
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