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.
Outstanding Value KiwiSaver Scheme Awards
Milford | QuayStreet | SuperLife
Three providers earn top honours and one of our Outstanding Value KiwiSaver Scheme Awards:
- Milford
- QuayStreet
- SuperLife
Canstar's latest 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 a 5-Star seal of approval.
The schemes that perform most strongly across Conservative, Balanced and Growth investment profiles then earn our top accolade, an Outstanding Value KiwiSaver Scheme Award.
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, our researchers analysed:
- 18 Providers
- 19 Schemes
- 126 KiwiSaver Funds
Each of the eligible KiwiSaver funds is rated across three main categories:
Performance: 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: Including the range of investment options offered by a KiwiSaver provider, the financial advice, tools and support provided, and ease of member access.
Price: 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're 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 Investments – ANZ KiwiSaver Scheme Cash Fund
ANZ Investments – OneAnswer KiwiSaver Scheme Cash Fund
BT Funds Management – Westpac KiwiSaver Scheme Cash Fund
Best conservative funds
Fisher Funds – Conservative Fund & Default Conservative Fund
Milford – Conservative Fund
QuayStreet Asset Management – Conservative Fund
SuperLife – Conservative Fund
Best defensive fund
Milford – Cash Fund
Best balanced funds
AMP – Balanced Fund No.2
Milford – Balanced Fund
QuayStreet Asset Management – Balanced Fund & Socially Responsible Investment Fund
SuperLife – Ethica Fund
Best growth funds
Milford – Active Growth Fund
QuayStreet Asset Management – Growth Fund
Simplicity – Growth Fund
Best aggressive fund
Milford – Aggressive Fund
Milford: Provider of the Year KiwiSaver 2025
In addition to winning one of our Outstanding Value KiwiSaver awards, for the sixth year in a row, Milford is also Canstar's KiwiSaver Provider of the Year, due to its great returns and the high levels of support and advice it offers its KiwiSaver members.
In awarding Milford its top KiwiSaver accolade, our expert research team noted that Milford delivers:
- Market-leading returns
- Great product features, for example its investor app
- High levels of customer support
- A range of investment options to suit all KiwiSaver investors
- Competitive fees