How do Simplicity and Amp compare on fees?

Simplicity's funds carry an average annual fee of 0.25% compared with 1.00% at Amp. Illustrative — sub-1-percentage-point fee gaps compound over multi-decade horizons. Compare net-fee return as well as fee level — see the side-by-side data above.

What are the 5-year returns for Simplicity vs Amp?

Based on 5-year average annualised returns from FMA Disclose data, Simplicity shows 4.05% across its KiwiSaver scheme fund range, and Amp shows 4.81%. Past performance is not a reliable indicator of future returns and returns can be negative in any given year.

Can I switch from Simplicity to Amp?

Yes. Switching KiwiSaver providers is free, requires no permission from your current provider, and typically takes 10–15 business days. You apply with your chosen new provider — they handle the transfer with your old provider directly. There are no exit fees or tax penalties. See our switching guide for the step-by-step process.

Which provider has more fund options — Simplicity or Amp?

Simplicity offers 6 KiwiSaver scheme funds, while Amp offers 30. A larger fund range gives more granular control over your asset allocation; a smaller range typically reflects a focused index- or default-fund philosophy.

How is this data sourced?

All figures are extracted from the FMA Disclose register and provider PDS / Quarterly Fund Update documents. Returns are 5-year annualised averages where available. AUM and member counts are sourced from the most recent provider disclosures. Data is refreshed quarterly. See methodology below.

Simplicity vs Amp

Side-by-side KiwiSaver data — fees, 5-year returns, fund options, members, AUM. Sourced from FMA Disclose and provider PDS.

Last updated: 2026-05-09

General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure

Why Simplicity and Amp differ

The most material difference between AMP and Simplicity is fee level. Simplicity charges an average of 0.25% across its six funds — roughly one quarter of AMP's average fee of 0.998% across 30 funds. On a sizeable balance, that gap compounds meaningfully over time, though gross returns before fees also differ between the two providers.

AMP's average five-year return across its range sits at 4.81%, compared with Simplicity's 4.05%. AMP's standout performer, AMP International Shares Fund No. 2, posted a five-year return of 12.76% at a 0.86% fee. Simplicity's snapshot lists its Defensive Fund as the top fund by the data provided, but no five-year return figure is disclosed for that fund, making a like-for-like comparison of peak performers impossible.

Metric	Simplicity	Amp	Difference
Average 5Y Return	4.05%	4.81%	0.75% diff
Average Fees	0.25%	1.00%	0.75% diff
Number of Funds	6	30	24 diff
Total Members	148,826	219,095	—
Total AUM	$6059M	$9699M	—

Simplicity vs Amp

Why Simplicity and Amp differ

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Key Data Comparison

Simplicity

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Simplicity Top Fund

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Switching from Simplicity to Amp (or back)

Frequently asked questions

How do Simplicity and Amp compare on fees?

What are the 5-year returns for Simplicity vs Amp?

Can I switch from Simplicity to Amp?

Which provider has more fund options — Simplicity or Amp?

How is this data sourced?

Methodology and data sources

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