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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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ANZ 5.19 4.05 4.05 4.49
ANZ Special - 3.55 3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
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BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
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China Construction Bank Special - 3.19 3.19 3.19
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Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
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HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank ▼5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
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Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 ▼4.45 3.89 3.94
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SBS Bank Special - 3.39 ▲3.55 3.89
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The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.19 4.35 4.69
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TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society ▼5.50 ▼3.95 ▼4.05 -
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Last updated: 24 January 2020 8:55am

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