What Happens If I Don’t Select A KiwiSaver Provider?
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There are many KiwiSaver providers in the market and you have the ability to change your provider at any time. But what happens if you don’t select a KiwiSaver provider?

If you have been automatically enrolled into KiwiSaver through your employer, you have been allocated to a default fund through your employers chosen provider. Default funds are designed to be low risk and generally hold high levels of cash and fixed interest investments e.g. bonds and term deposits. This type of investment may not be suitable for those investors with a long investment time-frame and are looking for higher returns.

How do the default fund returns compare?

What to consider when selecting your fund?

There are two key factors to consider when selecting the right KiwiSaver fund for you – the associated risk and return and the fees.

The risk level of a fund is determined by the mix of assets it holds. Typically, the higher the level of growth assets, such as shares and property, the higher the level of risk and potential returns, but also the higher the chance of value fluctuations.

Check what type of fund may be suitable for you by taking our risk profile quiz. [inf_infusionsoft_inline optin_id=”optin_2″]

KiwiSaver fund fees are charged in order to pay for the investment, management and administration costs of the fund. Generally, you can expect higher fees to be charged on an actively managed fund, but no matter the fund, the provider needs to be transparent about the fees they charge. You can find out more information about a provider’s fees in their product disclosure statement.

If you would like us to check if your KiwiSaver investment is suitable for you please do not hesitate to contact us.