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KiwiSaver Providers NZ 2026 — Reviews, Comparisons and Guides

Updated

New Zealand has over 20 KiwiSaver providers ranging from the major banks to specialist boutique managers. Choosing the right provider — particularly for the long run — can make a substantial difference to your retirement balance, primarily through fees and fund quality.

What Separates Good from Bad Providers

The key metrics to compare:

FactorWhy it matters
Management fee (% p.a.)Compounds over decades — 1% vs 0.3% on $200k = ~$200k difference at 65
After-fee performanceGross returns don’t tell the full story; high-fee active funds must outperform
Fund rangeDo they offer the fund type you need (growth, ethical, aggressive)?
Default provider statusGovernment-vetted; doesn’t mean best, but a baseline assurance
Digital toolsEasy balance checking, contribution changes, fund switching

Fee Comparison — Growth Funds

ProviderGrowth fund annual fee (approx.)
Kernel~0.25%
Simplicity~0.31%
Booster~0.50%
Mercer~0.60%
SuperLife~0.60%
BNZ~0.65%
Kiwibank/Summer~0.65%
Westpac~0.85%
AMP~0.85%
Generate~1.05%
Milford~1.05%
ANZ~1.06%
ASB~0.96%
Fisher Funds~1.00–1.30%
NZ Funds~1.50%+

Fees approximate. Confirm in current PDS before switching.

Provider Reviews

Bank Providers

Independent & Specialist Providers

Guides

See Also