If you joined KiwiSaver through your employer, Inland Revenue would have signed you up to your employers’ chosen scheme (if they have one), or a default KiwiSaver Scheme. But, you are not required to stay with the automatic scheme. Taking the time to shop around for a scheme that suits your personal situation could add up to significantly more money in your retirement fund at the end of your working life.
Choosing a Kiwisaver provider with a good track record for customers satisfaction, and knowing whether your money will be invested ethically can also be important considerations. We have created a simple table to help you compare Kiwisaver provider customer satisfaction ratings, size, and investment exclusions.
|
Provider |
Overall customer satisfaction |
No. of members |
Funds |
Investment exclusions |
|---|---|---|---|---|
|
66% |
21,536 |
$1.1b |
Excludes direct investment in tobacco manufacturing, whale meat processing, and manufacture of recreational cannabis products. Other companies excluded for environmental, ethical and human rights concerns. |
|
|
66% |
396,180 |
$5.5b |
Excludes direct investment in whale meat processing and tobacco |
|
|
60% |
28,793 |
$743m |
Only Superlife’s “Ethical Fund” has exclusions. The fund excludes investment in alcohol, arms, fossil fuel extraction, gambling, pornography and tobacco where the company or managed fund gets a material part of its revenue from the industry. |
|
|
57% |
134,553 |
$1.6b |
Excludes direct investment in tobacco manufacturing |
|
|
57% |
134,274 |
$2.1b |
Excludes direct investment in tobacco manufacturing. Thermal coal excluded where a significant proportion of company revenue is derived from it. Other companies excluded for human rights abuse, ethical or environmental concerns. |
|
|
55% |
104,929 |
$1.4b |
Excludes direct investment in tobacco. Booster offer 2 ‘responsible investment’ funds which additionally exclude direct investment in arms, alcohol production, gambling, fossil fuels, uranium mining, nuclear power, adult entertainment and genetically modified organisms, where the company or managed fund receives more than an incidental part of its revenue from these industries. |
|
|
51% |
194,562 |
$3.7b |
Excludes direct and indirect investment in tobacco, whaling and whale meat processing. Other companies have been excluded for environmental, ethical or human rights concerns. Investments in gambling, arms, nuclear power, thermal coal and palm oil are screened. |
|
|
49% |
43,832 |
$709m |
Excludes direct and indirect investment in tobacco manufacturing and whaling. |
|
|
44% |
104,060 |
$1.9b |
Excludes direct investment in tobacco. Thermal coal is excluded where a significant proportion of company revenue is derived from it. Other companies excluded for human rights abuses, ethical or environmental concerns. |
|
|
41% |
668,499 |
$9.7b |
Excludes direct investment in tobacco manufacturing. Other companies excluded for ethical, human rights or environmental concerns. |
|
|
37% |
230,818 |
$5.1b |
Some AMP funds exclude investment in tobacco manufacturing. AMP's Responsible Investment Balanced Fund limits exposure to fossil fuels, and avoids investment in gambling, alcohol and tobacco. |
|
|
36% |
513,966 |
$8.5b |
Excludes direct and indirect investment in tobacco manufacturing and whale meat. |
|
|
34% |
94,052 |
$1.7b |
Excludes direct and indirect investment in tobacco. |
Source: These numbers are based on a Consumer survey carried out in February 2019
