KiwiSaver default fund

The appointed default fund providers are: Bank of New Zealand (BNZ), Booster, BT Funds Management (Westpac), Kiwi Wealth, Simplicity and Smartshares (NZX).

Default providers are appointed for a seven-year term. Another tender process for the appointment of default providers will take place before current arrangements end on 1 December 2028.

More information about the appointment of KiwiSaver default providers

What are the rules for default funds?

• Default funds must be invested in a balanced fund. This usually means more investment returns in the long run than a conservative fund (but less than a growth fund). For help choosing a fund that is right for you, use the fund finder tool at www.sorted.org.nz.
  KiwiSaver fund finder(external link) — sorted
  
  
• Default funds must not be invested in fossil fuel production or illegal weapons.
• Default providers must engage with their members to help them make informed decisions about their retirement savings at key points.
• Default providers are required to maintain a responsible investment policy on their websites.

My KiwiSaver provider isn’t one of the default providers. What does this mean?

There are lots of KiwiSaver providers that are not default providers. All KiwiSaver providers must follow strict rules, and are licensed and monitored by the Financial Markets Authority.

Where can I get more information?

To find out if you are a default member, contact your KiwiSaver provider.

To find out who your KiwiSaver provider is, log into myIR.

How do I know whether I am in the right KiwiSaver fund for my needs?

Your fund may not be a good fit for your current age or plans. It’s best to check. For help choosing a fund that is right for you, use the fund finder tool at www.sorted.org.nz.

KiwiSaver fund finder(external link) — sorted