The Kiwi Wealth KiwiSaver Scheme Growth Fund has been awarded the maximum five out of five stars for ‘outstanding value’, in CANSTAR’s annual rating of different KiwiSaver funds.
Many Kiwis will be familiar with the CANSTAR ratings system, which is designed to help consumers pick the right financial products for them. CANSTAR objectively assess different banking and insurance products, using a range of criteria, and give them a star rating out of five, with those awarded five stars indicating ‘outstanding value’. When assessing the different KiwiSaver funds, CANSTAR compare the cost, features and performance of each and rate them accordingly.
The Kiwi Wealth KiwiSaver Scheme Growth Fund was one of only two “aggressive” funds, as categorised by CANSTAR, to receive the maximum number of stars.
The Kiwi Wealth KiwiSaver Scheme Cash Fund was also recognised, receiving an ‘Interim 5 star rating.’ An interim rating is awarded to KiwiSaver funds that have not been available for five years or more.
Kiwi Wealth’s Head of Retail Wealth and Marketing, Joe Bishop said: “We’re thrilled to receive these awards from CANSTAR. Their star rating system is well-known and trusted by many Kiwis. We know our product provides a great service for our customers, and it’s rewarding when others recognise the hard work our team has put in.”
CANSTAR presented a framed certificate to members of the Kiwi Wealth Team. CANSTAR New Zealand General Manager Jose George is pictured presenting the award to Joe Bishop.
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