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Another KiwiSaver scheme cuts fees

Summer KiwiSaver scheme has reduced fees for its specialised cash and fixed interest income-based KiwiSaver funds along with multi-asset-class fund, the Summer Conservative Selection.

Sunday, October 20th 2019, 8:01PM

Trish Oakley, head of Summer, said that fee levels were reviewed regularly. “We make a commitment to our members that alongside our focus on delivering performance, we consistently look for ways in which we can deliver value to our members."

Martin Hawes, head of the investment committee for Summer, said investors should look at their investment regularly.

“We have seen some interesting dynamics in the market over recent months, and now might be a good time for some KiwiSaver investors to be reassessing their fund choice and mix of assets.”

Summer has also hired Jason Lindsay, a former ACC Australasian infrastructure portfolio manager to manage the Summer New Zealand equities, Summer Australia equities and Summer listed property funds.

Tags: KiwiSaver Summer

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AIA - Back My Build 5.44 - - -
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ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
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ANZ Special - 5.99 5.69 5.69
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BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
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Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society ▼8.60 6.75 6.40 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
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Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
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SBS Construction lending for FHB - - - -
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SBS FirstHome Combo 5.44 5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.49 6.49 6.49
TSB Special 7.89 5.69 5.69 5.69
Unity 7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
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Westpac Choices Everyday 8.49 - - -
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Westpac Special - 6.29 5.79 5.79
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