Research firm SuperRatings has awarded Platinum ratings to all three of ANZ Investments’ KiwiSaver schemes for the fourth year in a row. Platinum is the highest rating awarded by the company.
SuperRatings said the purpose of the awards is to identify schemes that stand out in terms of their value offering for members. The schemes are assessed on five key factors, including investment, fees, member servicing, scheme administration and governance.
SuperRatings CEO Kirby Rappell said: “Schemes awarded a platinum rating are those that SuperRatings considers are best placed to deliver value for members and enhance retirement outcomes relative to their peers.”
ANZ Managing Director of Wealth Craig Mulholland said he is "pleased that SuperRatings shares our view that focusing only on the lowest fees creates the danger that members overlook returns after fees to the detriment of their long-term savings growth.”
SuperRatings assessed 29 KiwiSaver schemes, with the Platinum rating only awarded to eight schemes. The other Platinum rated schemes are: Fisher Funds Two KiwiSaver Scheme, Kiwi Wealth KiwiSaver Scheme, Mercer KiwiSaver Scheme and Westpac KiwiSaver Scheme.
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