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.
This letter is to express my appreciation for the assistance and encouragement of both Anthony Lipscombe and particularly John Heaslip over the last financial year. The period since activating my trading trust has been one of considerable stress, as well as personal development, as I embarked on this as a relative business neophyte with virtually no awareness of the contemporary requirements of running a business, particularly the financial records aspect. During much of this period I have therefore felt considerable out of my depth. However I have been lucky enough to have had the benefit of the advice and support of John Heaslip in rationalizing what was a fairly chaotic set of records of the first year property trading. I am able to say that John in particular, has been unstinting in his attention to my needs and has done so in a manner which has never alluded to my extremely rudimentary grasp of managing a business, or even of being unable to set out a spread sheet properly. The result of the above guidance is that now, although my trading trust would still not be able to operate without the advice of GRA, I do least feel a sense of satisfaction that I have got to my present point without major disaster and that my property trust does now have some kind of firmer basis for any future activities - Name withheld by request
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