Kiwi Wealth goes triple-platinum for outstanding value

MEDIA RELEASE

30 November 2016

Kiwi Wealth goes triple-platinum for outstanding KiwiSaver value

Kiwi Wealth’s KiwiSaver Scheme has been awarded the Platinum Award for outstanding value for money for the third year running by Australasian superannuation industry-specialist SuperRatings.

The award is the result of SuperRatings’ annual analysis of the KiwiSaver market, with 25 schemes assessed for value for money based on investment performance and strategy, fees and charges, advice, administration and governance.

Joe Bishop, Kiwi Wealth Head of Retail Wealth and Marketing, said the SuperRatings platinum award was the result of Kiwi Wealth’s focus on providing the very best in KiwiSaver investment management.

“Kiwi Wealth is not a bare bones scheme. KiwiSaver is an investment and we treat it as such. It’s our job to actively manage our customers’ investments and to provide them with the very best advice and service to help them get the most from their investments.

“We’re one of the few providers that also breaks down our fees into clear dollar terms, so customers know exactly what it is they’re paying for. As SuperRatings notes, our scheme offers outstanding value for money in terms of performance.”

SuperRatings noted in this year’s survey that it was very concerned about a continual focus on fees that was driving a “race to the bottom”. SuperRatings said low fees might look good at first glance, but, for many people, they ultimately might not pay off.

“If people are only looking at a scheme’s fees, then they are only getting part of the story,” said Mr Bishop.

“They don’t get to see how much those low fees may cost them in the long-run in terms of lost investment opportunity. But that’s not to say that providers should ignore concerns about fees. The key is to give people access to all the information they need to make a fair and reasonable assessment, and to base decisions on that.”

ENDS

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