Reducing some of our fees to help your investment grow
1 August 2024
We’ve further reduced fees across some of our funds – just one of the ways we aim to ensure your fees give you great value for money.
Fee reductions from 1 August 2024
We’re pleased to announce that five funds in each of the ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme, and ANZ Investment Funds have had their fees reduced, with reductions ranging from 0.02% to 0.04%. Our largest reductions apply to the Growth Funds and High Growth Funds, whose fees have reduced by 0.04%.
This table shows a full breakdown of fee reductions.
Reduction | New annual fund charge for ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme | New annual fund charge for ANZ Investment Funds | |
|---|---|---|---|
High Growth Fund | 0.04% | 0.99% | 1.03% |
Growth Fund | 0.04% | 0.99% | 1.03% |
Balanced Growth Fund | 0.03% | 0.95% | 0.99% |
Balanced Fund | 0.02% | 0.91% | 0.95% |
Conservative Balanced Fund | 0.02% | 0.76% | 0.80% |
Committed to giving you value for money
This isn’t the first time we’ve reduced fees across our funds. Since 2009 we’ve reduced the annual fund charge for the ANZ KiwiSaver Scheme by around 33% (excluding the High Growth Fund, which launched in August last year). Our last round of fee reductions happened in August 2023. And in 2021, we removed all KiwiSaver membership fees – even more support to help your investment grow.
Our focus on long-term performance
Reducing fees is just one of the ways we seek to ensure your fees provide great value for money. Our considered investment approach is another.
As one of the largest fund managers in Aotearoa, our experienced investment management team works with carefully chosen external fund managers. Together, we take a disciplined and consistent approach to managing investments with a focus on long-term performance. While some of our fees have shrunk, our commitment to providing good investment outcomes remains as strong as ever.
Important information
ANZ New Zealand Investments Limited ('ANZ Investments') is the issuer and manager of the ANZ KiwiSaver Scheme. Download the guide and product disclosure statement from our documents and forms page or ask at any branch.
ANZ Investments is the issuer and manager of the ANZ Default KiwiSaver Scheme. The scheme is no longer a default scheme and is closed to new members. Important information about the ANZ Default KiwiSaver Scheme is available at anz.co.nz/kiwisaverforms and by searching ‘ANZ Default KiwiSaver Scheme’ on the offer register at disclose-register.companiesoffice.govt.nz.
ANZ Investments is the issuer and manager of ANZ Investment Funds. Important information is available under terms & conditions. Download the guide and product disclosure statement from our documents and forms page.
ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme and ANZ Investment Funds (together, the 'schemes') aren’t deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together ‘ANZ Group’). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the schemes are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service, see our financial advice provider disclosure statement (PDF 39.9KB).