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Special Report

KiwiSaver finally gets personal

Wednesday 24th of July 2024

Sam Bryden, Head of Distribution, Nikko AM

With over three million members, it’s fair to say that most New Zealanders now see KiwiSaver as integral to their retirement plan. But I also think it’s fair to say that, to-date, most schemes have lacked the investment options that cater for the diversity reflected across three-fifths of our total population.

Comprising members of all ages, life-stages, professions, personal situations and incomes, KiwiSaver can’t effectively operate as a one-size-fits-all investment scheme. This is something many of you have been pointing out for some time now as you’ve been calling for greater innovation and flexibility. We agree with you that it’s important that the diversity of its participants is reflected in the tailored, diversified solutions available to them. This is why we’ve taken action with a significant enhancement of our product.

Our new GoalsGetter KiwiSaver scheme – which has effectively replaced the Nikko AM KiwiSaver scheme – comprises a diversified mix of 18 high-calibre funds from six of New Zealand’s leading fund managers: Generate, Harbour, Milford, Pathfinder, Salt and (of course) Nikko AM. These funds have been hand-picked by our own vastly experienced investment team, with further due diligence undertaken by MyFiduciary and our own Portfolio Solutions Group based in Singapore.

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