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Medical Assurance Society KiwiSaver Scheme
Medical Assurance Society KiwiSaver Scheme is a KiwiSaver provider that runs 7 KiwiSaver funds, has 20,476 members, manages $1.6 billion, or 1.1% of the KiwiSaver market.
About Medical Assurance Society KiwiSaver Scheme
Medical Assurance Society is a New Zealand-owned mutual founded in 1921 by doctors in Napier, now offering insurance and investments to all New Zealanders. Its KiwiSaver scheme launched in 2007 and runs seven actively managed funds across the full risk spectrum, with portfolio management outsourced to specialist local and global managers. All MAS KiwiSaver funds are certified by the Responsible Investment Association Australasia, with exclusions covering areas such as fossil fuels, tobacco and controversial weapons. The MAS Foundation, established in 2019, channels the mutual's surplus into health-equity initiatives across Aotearoa.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2007
- Investment approach
- Active multi-manager
- KiwiSaver funds under management
- $1.6 billion (1.1% of the KiwiSaver market)
- Members
- 20,476
- Average member balance
- $76,732
- KiwiSaver funds offered
- 7
- Annual fee range
- 0.25% – 0.98%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 1 fund
- Balanced: 2 funds
- Growth: 1 fund
- Aggressive: 2 funds
How has Medical Assurance Society KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Aggressive Fund, at +6.1% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Cash Fund | +2.8% |
| Conservative | Conservative Fund | +3.8% |
| Balanced | Balanced Fund | +8.2% |
| Growth | Growth Fund | +10.5% |
| Aggressive | Aggressive Fund | +12.2% |
KiwiSaver funds offered by Medical Assurance Society KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Cash Fund | Defensive | 0.25% | +2.8% | +2.6% |
| Conservative Fund | Conservative | 0.84% | +3.8% | +2.0% |
| Balanced Fund | Balanced | 0.98% | +8.2% | +4.3% |
| Moderate Fund | Balanced | 0.94% | +5.9% | +3.1% |
| Growth Fund | Growth | 0.98% | +10.5% | +5.5% |
| Aggressive Fund | Aggressive | 0.97% | +12.2% | +6.1% |
| Global Equities Fund | Aggressive | 0.98% | +12.6% | +6.7% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.