KiwiSaver providers.
Every KiwiSaver provider, side by side — styles, fees, and performance.Browse and Compare KiwiSaver Providers
AMP KiwiSaver Scheme
AMP KiwiSaver Scheme is a KiwiSaver provider that runs 25 KiwiSaver funds, has 208,696 members, manages $9.4 billion, or 6.9% of the KiwiSaver market.
About AMP KiwiSaver Scheme
AMP is one of the longest-running financial brands in New Zealand, with roots dating back to 1854. Its KiwiSaver scheme was part of the original 2007 default-provider group, but that status ended in 2021. Today, AMP’s core KiwiSaver funds are largely index-tracking through BlackRock, which makes the scheme more passive than its legacy “active manager” reputation might suggest. AMP remains a large provider by membership, while sitting closer to the middle of the market on fees rather than at either extreme.
Key facts
- Ownership
- Australian-owned
- KiwiSaver scheme established
- 2007
- Investment approach
- Active/passive mix
- KiwiSaver funds under management
- $9.4 billion (6.9% of the KiwiSaver market)
- Members
- 208,696
- Average member balance
- $45,186
- KiwiSaver funds offered
- 25
- Annual fee range
- 0.57% – 1.49%
Fund range by risk profile
- Defensive: 3 funds
- Conservative: 4 funds
- Balanced: 8 funds
- Growth: 5 funds
- Aggressive: 5 funds
How has AMP KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Aggressive Fund, at +6.7% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Amp Cash Fund | +1.8% |
| Conservative | Global Select Conservative Fund | +4.9% |
| Balanced | Amp Balanced Fund | +9.0% |
| Growth | Global Select Growth Fund | +13.0% |
| Aggressive | Amp Aggressive Fund | +13.3% |
KiwiSaver funds offered by AMP KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Amp Cash Fund | Defensive | 0.57% | +1.8% | +2.2% |
| Amp Global Fixed Interest Fund | Defensive | 0.76% | +0.7% | −0.5% |
| Amp NZ Fixed Interest Fund | Defensive | 0.78% | +2.2% | −0.2% |
| Amp Conservative Fund | Conservative | 0.76% | +4.6% | +2.3% |
| Amp Conservative Fund (Lifesteps) | Conservative | 0.76% | +4.6% | +2.3% |
| Global Select Conservative Fund | Conservative | 1.00% | +4.9% | +2.0% |
| Milford Conservative Fund | Conservative | 1.25% | +1.6% | Not reported |
| Amp Balanced Fund | Balanced | 0.77% | +9.0% | +4.6% |
| Amp Balanced Fund (Lifesteps) | Balanced | 0.77% | +9.0% | +4.6% |
| Amp Balanced Fund No. 2 | Balanced | 0.77% | +9.0% | +4.5% |
| Amp Moderate Balanced Fund | Balanced | 0.76% | +7.9% | +3.8% |
| Amp Moderate Balanced Fund (Lifesteps) | Balanced | 0.76% | +7.9% | +3.8% |
| Amp Moderate Fund | Balanced | 0.76% | +6.7% | +3.1% |
| Amp Moderate Fund (Lifesteps) | Balanced | 0.76% | +6.7% | +3.1% |
| Milford Balanced Fund | Balanced | 1.35% | +4.2% | Not reported |
| Amp Growth Fund | Growth | 0.77% | +11.3% | +5.9% |
| Amp Growth Fund (Lifesteps) | Growth | 0.77% | +11.3% | +5.9% |
| Global Select Balanced Growth Fund | Growth | 1.10% | +11.2% | +4.7% |
| Global Select Growth Fund | Growth | 1.19% | +13.0% | +5.5% |
| Milford Active Growth Fund | Growth | 1.49% | +7.2% | Not reported |
| Amp Aggressive Fund | Aggressive | 0.77% | +13.3% | +6.7% |
| Amp Aggressive Fund (Lifesteps) | Aggressive | 0.77% | +13.3% | +6.7% |
| Amp Australasian Shares Fund | Aggressive | 0.75% | +4.8% | +1.3% |
| Amp International Shares Fund | Aggressive | 0.77% | +15.0% | +9.9% |
| Milford Aggressive Fund | Aggressive | 1.49% | +6.0% | Not reported |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.