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 |
| 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
3 changes- Management feeMATERIAL0.36 → 0.25
- Member feeMAJOR— → 50
- CustodianMAJOR— → The New Zealand Guardian Trust Company Limited
31 March 2016 → 27 September 2019
3 changes- Management feeMAJOR— → 0.36
- External managerMAJOR— → BT Funds Management (NZ) 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 → —
- SupervisorMAJORThe 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.
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