ANZ KiwiSaver Scheme Review
Independent analysis of ANZ New Zealand Investments Limited's KiwiSaver scheme based on FMA data, performance metrics, and fee structures. Last updated: May 2026.
Quick Summary
✅ Key Highlights
- • Established provider: $21.4B in total assets
- • Good choice: 21 fund options available
- • Highest 5-yr return: Sustainable International Share (13.87% over 5 years)
- • Variety of KiwiSaver funds
- • Expert financial guidance
📊 At a Glance
- • Average fees: 0.75% per year
- • 5-year returns: 3.98%
- • Fund options: 21 funds
- • Total members: 618k+
- • Assets under management: $21.4B
ANZ provides a wide range of KiwiSaver and investment funds tailored for diverse financial goals.
Performance Analysis
All ANZ KiwiSaver Scheme Funds
| Fund Name | Type | 5-Year Return | Fees | Risk | Members |
|---|---|---|---|---|---|
| Sustainable International Share | Aggressive | 13.87% | 0.90% | 5/7 | 877 |
| International Share Fund | Aggressive | 9.77% | 0.96% | 5/7 | 1,234 |
| Growth Fund | Growth | 6.58% | 0.96% | 5/7 | 12,804 |
| Growth Fund | Growth | 6.58% | 0.96% | 5/7 | 226,270 |
| Balanced Growth Fund | Growth | 5.37% | 0.92% | 4/7 | 97,672 |
| Balanced Growth Fund | Growth | 5.37% | 0.92% | 4/7 | 8,106 |
| Balanced Fund | Balanced | 4.20% | 0.88% | 4/7 | 86,336 |
| Balanced Fund | Balanced | 4.20% | 0.88% | 4/7 | 8,100 |
| International Property Fund | Aggressive | 3.80% | 0.99% | 6/7 | 419 |
| Conservative Balanced Fund | Balanced | 3.10% | 0.73% | 4/7 | 40,912 |
| Conservative Balanced Fund | Balanced | 3.10% | 0.73% | 4/7 | 2,853 |
| Cash Fund | Defensive | 2.32% | 0.22% | 2/7 | 1,624 |
| Cash Fund | Defensive | 2.32% | 0.22% | 2/7 | 46,741 |
| Conservative Fund | Conservative | 2.01% | 0.60% | 3/7 | 13,883 |
| Conservative Fund | Conservative | 2.01% | 0.60% | 3/7 | 41,432 |
| Australasian Share Fund | Aggressive | 1.67% | 0.99% | 5/7 | 933 |
| New Zealand Fixed Interest Fund | Defensive | 0.15% | 0.34% | 3/7 | 283 |
| Australasian Property Fund | Aggressive | 0.14% | 1.01% | 5/7 | 688 |
| International Fixed Interest Fund | Defensive | -0.87% | 0.49% | 4/7 | 160 |
| High Growth Fund | Aggressive | N/A | 0.95% | 5/7 | 1,098 |
| High Growth Fund | Aggressive | N/A | 0.95% | 5/7 | 25,092 |
Considerations for ANZ
What the data shows
- •Average fees at or above the market average
- •A choice between multiple fund types
- •One of the larger providers by fund count
Points some investors compare
- •Fees at lower-fee providers (for example Simplicity, Kernel)
- •Historical returns at other providers (for example Milford, Fisher Funds)
- •Ethical and responsible-investment options
- •Fund risk levels for a planned first-home withdrawal
A licensed financial adviser can help with a personal assessment.
Compare Alternatives
Other providers with comparable data:
AE KiwiSaver Limited
Always Ethical provides ethical KiwiSaver and investment funds that focus on responsible investing.
AMP Wealth Management New Zealand Limited
AMP offers KiwiSaver and investment solutions with a strong track record and flexible options.
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 ANZ 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, ANZ New Zealand Investments Limited Product Disclosure Statements, provider websites.
