Milford KiwiSaver

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Milford Asset Management is a New Zealand investment firm which provides KiwiSaver funds, managed investment funds, wealth management and advice to New Zealand and Australian residents.

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If you’re considering opening a KiwiSaver fund with Milford, check out Canstar’s latest Star Ratings for its products.

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Types of Milford KiwiSaver funds

Milford Asset Management offers three different KiwiSaver funds:

  • KiwiSaver Conservative Fund
  • KiwiSaver Balanced Fund
  • KiwiSaver Active Growth Fund

 

Fund Name Asset Split Base fund fee Return since inception (at 31/5/18)
Conservative Fund 82% Income/18% Growth 0.96% 9.79%
Balanced Fund 40% Income/50% Growth 1.13%% 10.57%
Active Growth Fund 20% Income/80% Growth 1.06% 13.2%

Conservative Fund

The KiwiSaver Conservative Fund is a lower-risk fund targeted at customers aiming for short-term investment goals or capital preservation. The fund aims to achieve capital protection and moderate returns over a minimum 3-year timeframe.

Balanced Fund

The KiwiSaver Balanced Fund is moderate-risk fund targeted at a wide range of investors, and aims to provide capital growth over a period of at least 5 years.

Active Growth Fund

The KiwiSaver Active Growth Fund is a medium to high risk fund which aims to provide capital appreciation for its investors with a target annual return of 10% over at least a 5 year period.

Eligibility to open an Milford KiwiSaver account

You are eligible to join the KiwiSaver scheme if you are:

  • Younger than the qualifying age for New Zealand superannuation (currently age 65)
  • Over the age of 18
  • Living or normally living in New Zealand
  • A New Zealand citizen, or entitled to live in New Zealand indefinitely

How to open an Milford KiwiSaver account

If you’d like to open a new KiwiSaver account with Milford, you can apply online on the Milford website; the application form only takes 3-5 minutes. You can also download the application form attached to the PDS, and mail it to Milford directly – the company’s postal address can be found on the form. In addition to your personal details, you will need:

  • Your IRD number
  • Your NZ drivers licence or NZ Passport

Milford Asset Management is a New Zealand investment firm which provides KiwiSaver funds, managed investment funds, wealth management and advice to New Zealand and Australian residents.

Milford Asset Management FAQs

Yes, you can log in to your Milford account using Milford’s online account management. There you can monitor your balance, change your investment fund, view reports, invest money or apply for a withdrawal.

Since KiwiSaver is an initiative of the New Zealand Government, your funds are held by Trustees Executors Limited (a government-owned company) on your behalf. Milford functions as the administration manager for your KiwiSaver fund, responsible for making the investment decisions.

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You can transfer all of your existing KiwiSaver balance into your new Milford account. Once you open a Milford KiwiSaver account, Milford will automatically transfer your balance from your old provider to your new account. Your old scheme provider may charge you a transfer fee – contact your previous provider for further information.

The main purpose of the KiwiSaver scheme is to save for retirement, so you are able to withdraw money once you reach the KiwiSaver retirement age of 65 years. There are also several circumstances when you can withdraw money earlier, which are:

  • Buying your first home
  • Permanently moving to another country
  • Experiencing or are likely to experience significant financial hardship
  • Having a serious illness or injury

Milford Asset Management is a private New Zealand-based investment firm founded in 2003. The company employs more than 70 people across three offices in Auckland, Wanaka and Sydney. The firm has more than NZD$5 billion in funds under managements across a range of investment products including KiwiSaver, single-strategy funds and multi-strategy funds. Milford’s KiwiSaver funds are multi award-winners, having achieved the Fundsource KiwiSaver Manager of the Year in 2016 & 2017. The company is also a signatory to the UN Principles for Responsible Investment, which commits to not invest in damaging investments such as tobacco or munitions.

Milford KiwiSaver Plan - Conservative Fund

Canstar Research
Rating:
Award: 5 Star Rating KiwiSaver Fund

Conservative

Conservative Fund

View the 2018 KiwiSaver Star Ratings Report

Written by: Sam Bloom | Last updated: October 12, 2018