Switching from Fisher to Westpac
Fisher's Growth fund charges 1.22% versus Westpac's at 0.55%.
General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure
Side-by-side scheme facts
| Metric | Fisher | Westpac |
|---|---|---|
| Total scheme AUM | $13.38B | $12.62B |
| Total members | 435,784 | 523,938 |
| Number of funds | 12 | 8 |
| Average annual fee | 0.92% | 0.45% |
| Growth-fund fee | 1.22% | 0.55% |
| Growth-fund 1-year return | No 1-year return figure held for this fund. | No 1-year return figure held for this fund. |
About “—” in return figures: it means no figure is held, not a return of zero. Of the 2 funds listed, 0 have a 1-year return. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Data sourced from each scheme's most recent FMA-filed Quarterly Fund Update. Past performance is not a reliable indicator of future returns.
The transfer process
- Pick the receiving fund at Westpac. The receiving provider needs the specific fund choice, not just the scheme. View Westpac's line-up at /providers/westpac.
- Apply to Westpac. Most providers offer online application. They will ask for your IRD number and the name of your current scheme (Fisher).
- Westpac initiates the transfer. The receiving scheme contacts Fisher and arranges the inter-scheme transfer. Under the KiwiSaver Act this is free of charge to you.
- Your balance moves over 2-3 weeks. Fisher sells your existing units, transfers the cash, and Westpac buys units in your chosen fund. You are typically in cash for a few business days during this window.
- Your employer is notified automatically. IRD receives the new scheme details and routes future contributions accordingly. No paperwork required on your side.
Frequently asked questions
How do Fisher's fees compare to Westpac's?
Fisher's Growth fund charges 1.22% versus Westpac's at 0.55%. Sourced from each scheme's most recent FMA-filed Quarterly Fund Update. Past performance is not a reliable indicator of future returns.
Is it free to switch from Fisher to Westpac?
Switching KiwiSaver schemes is free under the KiwiSaver Act — no exit penalties or transfer fees apply. The new provider initiates the transfer; the typical timeframe is 2-3 weeks.
Will switching affect my employer KiwiSaver contributions?
No. Your employer continues making contributions at the same rate; only the receiving scheme changes. Your IRD records are updated when the new provider notifies them of the transfer.
Can I lose money during the switch?
Funds are typically sold at your current scheme and re-bought at the new scheme — meaning you are temporarily in cash during the transfer window (a few business days). Market movements during that window can affect your balance. Both positive and negative outcomes are possible.
Important Information
Disclaimer: This page provides general information only and does not constitute financial advice under the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider (FAP).
We do not assess suitability, make recommendations, or provide personalised advice. The information shown is sourced from publicly available data and may not reflect current offerings. Past performance is not a reliable indicator of future returns. Investment returns can be negative, and you may receive back less than you invested.
Before making any decisions: Always verify current information directly with the relevant KiwiSaver provider and read their Product Disclosure Statement (PDS).
Need personalised advice? Consult a licensed Financial Advice Provider. Find advisers at fma.govt.nz
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
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