31 March 2021 → 24 September 2025
2 changes- Management feeMATERIAL0.25 → 0.70
- Member feeMAJOR50 → —
WESTPAC KIWISAVER SCHEME
PDS change history
Each Product Disclosure Statement (PDS) issued for the WESTPAC KIWISAVER SCHEME is archived here. PDS changes describe the scheme as a whole — fee schedule, currency hedging policy, performance fee structure, service providers — so all funds in the scheme share this history.
Per-PDS readings
| PDS as at | Management fee | Buy/sell spread | Member fee | Performance fee | Currency hedging | External manager | Custodian | Supervisor |
|---|---|---|---|---|---|---|---|---|
| 24 September 2025 | 0.70 | — | — | — | — | BT Funds Management (NZ) Limited | The New Zealand Guardian Trust Company Limited | The New Zealand Guardian Trust Company Limited |
| 31 March 2021 | 0.25 | — | 50 | — | — | BT Funds Management (NZ) Limited | The New Zealand Guardian Trust Company Limited | The New Zealand Guardian Trust Company Limited |
| 27 September 2019 | 0.36 | — | — | — | — | BT Funds Management (NZ) Limited | The New Zealand Guardian Trust Company Limited | The New Zealand Guardian Trust Company Limited |
| 31 March 2016 | — | — | — | — | — | — | — | — |
| 1 April 2015 | — | — | 2.25 | — | — | BT Funds Management (NZ) Limited | The New Zealand Guardian Trust Company Limited | — |
What changed
Each consecutive PDS pair, with field-level diffs. Severity reflects how impactful the change is for an investor: a 10bp management-fee move is MATERIAL; a service- provider swap is also material; cosmetic re-wording is MINOR.
27 September 2019 → 31 March 2021
2 changes- Management feeMATERIAL0.36 → 0.25
- Member feeMAJOR— → 50
31 March 2016 → 27 September 2019
4 changes- Management feeMAJOR— → 0.36
- External managerMAJOR— → BT Funds Management (NZ) Limited
- CustodianMAJOR— → The New Zealand Guardian Trust Company Limited
- SupervisorMAJOR— → The New Zealand Guardian Trust Company Limited
1 April 2015 → 31 March 2016
3 changes- Member feeMAJOR2.25 → —
- External managerMAJORBT Funds Management (NZ) Limited → —
- CustodianMAJORThe New Zealand Guardian Trust Company Limited → —
Data sources
- FMA Disclose register — Product Disclosure Statements
- Provider websites — issuer-published PDS PDFs
Field extraction is regex-based. We surface what the PDS literally says so you can verify against the source PDF. General information only — not financial advice.
FundCompare
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
Compare
Learn
Important Information and Disclosure
The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
All information displayed is sourced from scheme providers, the Disclose Register, and the Sorted Smart Investor universal feed (operated by Te Ara Ahunga Ora Retirement Commission), or other publicly available sources. We take reasonable steps to ensure accuracy but cannot guarantee information is always current or complete.
FundCompare.co.nz may receive referral fees or commissions from scheme providers if you sign up via links on this website. These payments do not influence the order, ranking, or inclusion of products displayed.
For more information, please see our Terms of Service, Privacy Policy, and Disclosure Statement.
This website is operated by FundCompare.co.nz and is not endorsed by, or affiliated with, the New Zealand government or Inland Revenue. FundCompare.co.nz is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here.
© 2026 FundCompare.co.nz. All rights reserved.