Lifestages KiwiSaver Scheme
The Lifestages KiwiSaver Scheme currently has two open funds:
In addition we also offer a life cycle investment option called 'Lifestages Auto'.
- The Lifestages Auto option has five life cycle stages:
- Lifestages Auto 0 - 34
Lifestages Auto 35 - 44
Lifestages Auto 45 - 54
Lifestages Auto 55 - 64
Lifestages Auto 65+
You can choose to invest in either fund. You can also choose to invest in a combination of these funds to suit your investment profile. You can have a balanced portfolio by choosing a 60% High Growth / 40% Income split of the funds. If you do not select a fund your contributions will be invested 100% in the Lifestages Income Fund.
You can also choose to invest through the 'Lifestages Auto' option. If you select the 'Lifestages Auto' option, your contributions and accumulated balance(s) will be allocated between the Lifestages High Growth Fund and the Lifestages Income Fund based on your age.
By investing in the Lifestages KiwiSaver Scheme you are pooling your investment with other investors. In doing so, you gain access to a wider range of wholesale investments than would be possible for most investors.
Each fund is divided into units. You are issued units in the relevant fund(s) to reflect your contributions and other amounts received for you. Unit values fluctuate according to the changing value of the underlying assets in which the relevant fund is invested, as well as fees and expenses.
The funds provide access to a mix of asset classes, investment styles and underlying fund managers. Exposure to various asset classes is obtained in part through arrangements with underlying fund managers. For details of the underlying fund managers at any particular time, please contact FANZ.
Responsible investment, including environmental, social and governance considerations, is currently used as an exclusionary screen within the Scheme. In selecting the Funds’ investments, we apply filters to ensure that none of the Funds’ investments have exposure to companies involved in the manufacture of cluster munitions, anti-personnel mines or nuclear armaments. Other responsible investment filters, like sustainability, are being considered for the Scheme. Potential investors or members should read the Scheme SIPO for further information on its Responsible Investment Policy.