Low KiwiSaver fees no guarantee for biggest returns

Posted by Henry Tongue in Kiwisaver, Retirement, Savings on

Choosing the cheapest KiwiSaver fund will not guarantee you get the most in your pocket, research suggests.

Analysis of the after fees and tax returns from KiwiSaver funds over the 10 years to March 31 found there was no instance where the cheapest 15 per cent of funds appeared in the list of the top 15 per cent of highest returning funds.

There were only three instances indicating an overlap between the 15 per cent cheapest and the 15 per cent highest performing funds when the research was conducted over any five-year period in any of the categories.

Read more here.