AMP WEALTH MANAGEMENT NEW ZEALAND LIMITED KiwiSaver Review
Independent analysis of AMP WEALTH MANAGEMENT NEW ZEALAND LIMITED's KiwiSaver scheme based on FMA data, performance metrics, and fee structures. Last updated: May 2026.
Quick Summary
✅ Key Highlights
- • Established provider: $9.7B in total assets
- • Good choice: 30 fund options available
- • Highest 5-yr return: AMP International Shares Fund No. 2 (12.76% over 5 years)
- • Flexible KiwiSaver and investment funds
- • Strong performance track record
📊 At a Glance
- • Average fees: 0.92% per year
- • 5-year returns: 4.63%
- • Fund options: 30 funds
- • Total members: 219k+
- • Assets under management: $9.7B
AMP offers KiwiSaver and investment solutions with a strong track record and flexible options.
Performance Analysis
All AMP KiwiSaver Scheme Funds
| Fund Name | Type | 5-Year Return | Fees | Risk | Members |
|---|---|---|---|---|---|
| AMP International Shares Fund No. 2 | Aggressive | 12.76% | 0.86% | 5/7 | 1,516 |
| AMP International Shares Fund | Aggressive | 12.52% | 0.85% | 5/7 | 1,722 |
| AMP Growth Fund | Growth | 7.39% | 0.85% | 4/7 | 30,725 |
| Superlife Growth Fund | Growth | 7.00% | 1.17% | 4/7 | 4,214 |
| Global Select Growth Fund | Growth | 6.85% | 1.27% | 4/7 | 4,651 |
| AMP Aggressive Fund | Aggressive | 6.70% | 0.85% | 4/7 | 30,089 |
| AMP Aggressive Fund (Lifesteps) | Aggressive | 6.70% | 0.85% | 4/7 | 13,431 |
| AMP Balanced Fund No. 2 | Balanced | 6.20% | 0.85% | 4/7 | 1,541 |
| AMP Growth Fund (Lifesteps) | Growth | 5.90% | 0.85% | 4/7 | 9,975 |
| Global Select Balanced Growth Fund | Growth | 5.65% | 1.18% | 4/7 | 6,071 |
| Superlife Balanced Fund | Balanced | 5.27% | 1.12% | 4/7 | 1,381 |
| AMP Balanced Fund | Balanced | 4.55% | 0.85% | 4/7 | 25,865 |
| AMP Moderate Balanced Fund | Balanced | 4.48% | 0.84% | 4/7 | 16,769 |
| AMP Balanced Fund (Lifesteps) | Balanced | 4.11% | 0.85% | 4/7 | 8,906 |
| AMP Moderate Balanced Fund (Lifesteps) | Balanced | 3.78% | 0.84% | 4/7 | 9,934 |
| AMP Moderate Fund (Lifesteps) | Balanced | 3.55% | 0.84% | 4/7 | 8,842 |
| AMP Moderate Fund | Balanced | 3.55% | 0.84% | 4/7 | 12,875 |
| Mercer Balanced Fund | Balanced | 3.03% | 1.26% | 4/7 | 1,519 |
| AMP Conservative Fund | Conservative | 2.28% | 0.84% | 3/7 | 11,005 |
| AMP Conservative Fund (Lifesteps) | Conservative | 2.28% | 0.84% | 3/7 | 5,154 |
| AMP Cash Fund | Defensive | 2.17% | 0.65% | 2/7 | 2,891 |
| Superlife Moderate Fund | Balanced | 2.04% | 1.07% | 4/7 | 1,048 |
| Global Select Conservative Fund | Conservative | 1.91% | 1.08% | 3/7 | 507 |
| AMP Australasian Shares Fund | Aggressive | 1.33% | 0.83% | 5/7 | 426 |
| AMP Global Fixed Interest Fund | Defensive | -0.81% | 0.84% | 3/7 | 74 |
| AMP Nz Fixed Interest Fund | Defensive | -0.90% | 0.86% | 3/7 | 120 |
| Milford Aggressive Fund | Aggressive | N/A | 1.57% | 5/7 | 2,403 |
| Milford Active Growth Fund | Growth | N/A | 1.57% | 4/7 | 3,136 |
| Milford Conservative Fund | Conservative | N/A | 1.33% | 3/7 | 387 |
| Milford Balanced Fund | Balanced | N/A | 1.43% | 4/7 | 1,918 |
Is AMP Right For You?
✅ Good Fit If You:
- •Want proven fund management
- •Want choice between multiple fund types
- •Prefer an established, large-scale provider
- •Have 20+ years until retirement
🔍 Compare Alternatives If:
- •You want the absolute lowest fees (check Simplicity, Kernel)
- •You want providers with stronger performance (check Milford, Fisher Funds)
- •You prefer ethical/sustainable investing
- •You're buying your first home soon
Compare Alternatives
Consider these alternatives to find a match for your goals:
AE KIWISAVER LIMITED
Always Ethical provides ethical KiwiSaver and investment funds that focus on responsible investing.
ANZ NEW ZEALAND INVESTMENTS LIMITED
ANZ provides a wide range of KiwiSaver and investment funds tailored for diverse financial goals.
AROTAHI TRUST LIMITED
Arotahi delivers KiwiSaver and investment solutions with a focus on secure and sustainable growth.
ASB GROUP INVESTMENTS LIMITED
ASB provides a variety of KiwiSaver and investment options backed by strong financial expertise.
Ready to Compare All Providers?
See how AMP stacks up against all 30+ KiwiSaver providers side-by-side.
Disclaimer: This analysis is based on publicly available data from the FMA and provider disclosures as of October 2025. Past performance does not guarantee future results. This is not financial advice. Please consult a licensed financial adviser before making investment decisions.
Data sources: FMA KiwiSaver Quarterly Reports, AMP WEALTH MANAGEMENT NEW ZEALAND LIMITED Product Disclosure Statements, provider websites.
