Investors given Disclose insight

Housed on the Sorted website, the portal offers the first opportunity for KiwiSaver members to explore their fund’s investments in detail, and compare their fund against other offerings.

Managing editor Tom Hartmann said members would be able to see, for example, the companies in which their KiwiSaver funds were invested, and decide whether their money was invested ethically. Fees would be broken down and compared against those of other providers, along with returns.

“The tool will encourage greater transparency in the financial sector by revealing everything to consumers about where their money is going, and how well their provider is performing."

When KiwiSaver members were ready to move on to other types of investing, they could compare other managed funds, managed investments and share and bond offers.