We’ve carried out a review of the Kiwi Wealth KiwiSaver Scheme and we’re making some adjustments to our fees and how the asset allocation in some of the investment funds is structured.
The fee changes will take effect on 1 April 2019 and the asset allocation changes will take effect on or around 30 April 2019.
The table to the right shows our current fund structure and what the revised fund structure will look like once the changes are in effect.
We recommend that all members regularly review their KiwiSaver fund choice.
We have designed a “Choose your Investment Direction” questionnaire which has been updated to reflect the changes to help you with this.
This can be used to help you understand your attitude towards investment risk and which fund may be the best choice for you.
Please note that the fund changes will not be reflected in our online risk profile tool until 1 April.
We expect a number of Government changes to KiwiSaver that will begin to roll out from 1 April.
The changes include: