ANZ Investments is New Zealand’s largest KiwiSaver provider, and has been the top performing default provider on an after-fees returns basis over the last 10 years.
“We believe that after-fee returns are more important than fees alone,” Mr Mulholland said.
When assessing potential investments, ANZ Investments also takes both financial and non-financial criteria into account, including environmental (e.g climate change), social and governance factors.
The bank is also a signatory to the United Nations-supported Principles for Responsible Investment, and more information on ANZ’s investment policies can be found here.
“Remaining members of the ANZ Default KiwiSaver Scheme should rest assured that the scheme continues as is," Mr Mulholland said.
“Members’ money continues to be looked after by the same investment team as the ANZ KiwiSaver Scheme, who are some of the best in the business."
"The investment team has received consistently high ratings and awards from independent research houses.”