Are you looking for the best value KiwiSaver scheme? One that delivers not just the best returns, but all-round value in terms performance, price and features? Then let Canstar’s Outstanding Value KiwiSaver Scheme Awards be your guide.
Fisher Funds | Milford
Congratulations to Fisher Funds and Milford for their award-winning KiwiSaver schemes.
This year, three schemes from the two providers share top honours in our Outstanding Value | KiwiSaver Award:
- Milford KiwiSaver Plan
- Fisher Funds KiwiSaver Scheme
- Fisher Funds TWO KiwiSaver Scheme
Canstar 2023’s Outstanding Value KiwiSaver Scheme Awards and Star Ratings credit the providers that deliver the best returns and overall value.
Our KiwiSaver Star Ratings involve a sophisticated and unique methodology. Canstar’s expert research team delves deep and compares the costs, features and performance of KiwiSaver schemes, and rewards the best with our 5-Star seal of approval.
The schemes that perform most strongly across the Conservative, Balanced and Growth investment profiles then earn our top accolade: Outstanding Value KiwiSaver Scheme.
And, importantly, we don’t just look at short-term results.
KiwiSaver is a long-term investment. And our research reflects this, rewarding providers for their average returns over the past five years.
For this year’s ratings, we cover:
- 18 Providers
- 20 Schemes
- 124 KiwiSaver Funds
Each of the eligible KiwiSaver funds is rated across three main categories:
Most importantly, this covers annual returns, but it also looks at consistency of performance. This means how returns fluctuate year to year – whether they are consistent or vary wildly.
Features include: the range of investment options offered by a KiwiSaver provider, the financial advice, tools and support provided, and ease of member access.
Annual cost to members, including fees and total fund charges.
Canstar’s Best KiwiSaver Funds
Part of choosing a KiwiSaver provider is determining which fund type is best for you, your financial goals and your appetite for risk.
If you are expecting to make a withdrawal in the near future, it’s recommended that you choose a more balanced fund. This reduces your risk, and the chances of your KiwiSaver balance dropping suddenly just before you access your funds.
However, if you’re just starting on your KiwiSaver journey, a riskier growth fund could help boost your initial investment.
If you are considering changing your fund or risk profile, check out the different funds that earned our top 5-Star ratings for Outstanding Value across the following fund categories:
Best Cash Funds
ANZ KiwiSaver Scheme – Cash Fund
OneAnswer KiwiSaver Scheme – Cash Fund
Kiwi Wealth KiwiSaver Scheme – Cash Fund
Best Conservative Funds
Fisher Funds KiwiSaver Scheme – Conservative Fund
Fisher Funds TWO KiwiSaver Scheme – Cash Enhanced Fund
Fisher Funds TWO KiwiSaver Scheme – Conservative Fund
Generate KiwiSaver Scheme – Moderate Fund
Milford KiwiSaver Plan – Conservative Fund
Best Defensive Funds
Nikko AM KiwiSaver Scheme – NZ Corporate Bond Fund
OneAnswer KiwiSaver Scheme – NZ Fixed Interest Fund
Superlife KiwiSaver Scheme – NZ Bonds Fund
Best Balanced Funds
Booster KiwiSaver Scheme – Socially Responsible Balanced Fund
Fisher Funds TWO KiwiSaver Scheme – Balanced Fund
Milford KiwiSaver Plan – Balanced Fund
Best Growth Funds
AE KiwiSaver Scheme – AE Investor
Milford KiwiSaver Plan – Active Growth Fund
Best Aggressive Funds
Booster KiwiSaver Scheme – Geared Growth Fund
Booster KiwiSaver Scheme – Socially Responsible High Growth Fund
Summer KiwiSaver Scheme – Summer New Zealand Equities
For our full Outstanding Value KiwiSaver Awards and Star Ratings click the button below:
Milford: Canstar’s Provider of the Year KiwiSaver 2023
In addition to winning our Outstanding Value KiwiSaver award, Milford is also our KiwiSaver Provider of the Year 2023.
Compared to the other 17 KiwiSaver providers in our research, Milford delivered the greatest returns in their balanced and conservative fund profiles by a wide margin. And our expert research team also noted that, overall, Milford delivers:
- Highly competitive products
- Great product features, for example its investor app
- High levels of support
- A range of investment options to suit all KiwiSaver investors
- Reasonable fee structure
These accolades, in addition to the fact that Milford also rates highly for customer satisfaction, is why Milford, for the fourth consecutive year, is Canstar’s Provider of the Year | KiwiSaver.
To read more about why Milford is our Provider of the Year, click on the button below.
Compare KiwiSaver Providers with Canstar
If you’re comparing KiwiSaver funds, the comparison table below displays some of the products currently available on Canstar’s database for a KiwiSaver member with a balance of $20,000 in a Growth fund, sorted by Star Rating (highest to lowest), followed by company name (alphabetical) – some may have links to providers’ websites. Use Canstar’s KiwiSaver comparison selector to view a wider range of retirement funds. Canstar may earn a fee for referrals.
To read more about our Outstanding Value KiwiSaver awards click this link. Or to compare KiwiSaver providers, click on the button below.
About the author of this page
This report was written by Canstar’s Editor, Bruce Pitchers. Bruce has three decades’ experience as a journalist and has worked for major media companies in the UK and Australasia, including ACP, Bauer Media Group, Fairfax, Pacific Magazines, News Corp and TVNZ. Prior to Canstar, he worked as a freelancer, including for The Australian Financial Review, the NZ Financial Markets Authority, and for real estate companies on both sides of the Tasman.
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