Switching KiwiSaver – the hidden cost and how to avoid it


Switching KiwiSaver – the hidden cost and how to avoid it

Article written by Anthony Edmonds – 24 April 2024

According to the Financial Markets Authority (FMA), New Zealanders made around 500,000 individual changes to their KiwiSaver investments last financial year. While changing your KiwiSaver investment approach is theoretically free, the snail pace at which it happens can result in some significant costs to investors.

There are two main ways people make changes to their KiwiSaver investments:

  1. Switches: Moving […]
By |2024-04-30T15:07:20+12:00April 24th, 2024|All, Investing education, KiwiSaver, KiwiSaver Funds|0 Comments
Read More

InvestNow is a member of the Apex Group
To learn more about the Apex Group please visit our Who We Are page here.

Security steps to protect you online
Online security best practices and additional steps to take, specific to your InvestNow account. Read our FAQ here.

Investor & Portfolio Reports
You can produce an Investor Report for your Managed Funds or Term Deposits portfolio anytime, online - see our FAQ here. You can also produce an Investor Report for your KiwiSaver portfolio anytime, online - see our FAQ here.

Cash Balances
Cash balances in InvestNow Transaction Accounts do not accrue interest. InvestNow receives the interest on any money held within the Transaction Account, which helps to pay costs associated with offering and operating InvestNow, including bank fees, which are not passed on to our customers. Read our FAQ here.

InvestNow Service, InvestNow KiwiSaver Scheme & Foundation Series Funds
Our focus is on helping people and providing information, based upon understanding their objectives and level of knowledge. We are one component of a person's financial landscape and actively promote that our customers seek personalised advice from qualified advisers external to InvestNow. Past performance is not necessarily indicative of future performance. The issuer and manager of the InvestNow KiwiSaver Scheme and Foundation Series Funds is FundRock NZ Ltd. For the InvestNow KiwiSaver Scheme Product Disclosure Statement click here. For the Foundation Series Product Disclosure Statement click here.

Disclosure Statement | Terms of use | Privacy Policy | Legal
© 2015-2024 | InvestNow | All Rights Reserved | Level 2, 1 Woodward Street, Wellington, New Zealand