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SBS KiwiSaver Scheme
SBS KiwiSaver Scheme is a KiwiSaver provider that runs 9 KiwiSaver funds, has 44,458 members, manages $1.0 billion, or 0.7% of the KiwiSaver market.
About SBS KiwiSaver Scheme
SBS Wealth KiwiSaver Scheme is run by SBS Wealth, a subsidiary of SBS Bank, originally founded in 1869 as the Southland Building Society in Invercargill. SBS Bank gained full bank registration in 2008 and remains a 100% New Zealand-owned mutual, member-owned rather than shareholder-owned. The scheme offers four funds: Cash, Income, High Growth and Focused Growth, plus a Lifestages auto option that shifts the growth-to-income mix as members age. Investments are actively managed by SBS Wealth, using a blend of direct holdings and external managers. The scheme is distributed through SBS Bank, NBS and adviser networks.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2007
- Investment approach
- Active management
- KiwiSaver funds under management
- $1.0 billion (0.7% of the KiwiSaver market)
- Members
- 44,458
- Average member balance
- $23,016
- KiwiSaver funds offered
- 9
- Annual fee range
- 0.45% – 1.20%
Fund range by risk profile
- Defensive: 2 funds
- Conservative: 1 fund
- Balanced: 2 funds
- Growth: 1 fund
- Aggressive: 3 funds
How has SBS KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the High Growth Fund, at +7.4% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Sbs Wealth Income Fund | +1.4% |
| Aggressive | Sbs Wealth High Growth Fund | +11.7% |
KiwiSaver funds offered by SBS KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Sbs Wealth Cash Fund | Defensive | 0.45% | Not reported | Not reported |
| Sbs Wealth Income Fund | Defensive | 0.87% | +1.4% | +0.3% |
| Lifestages Auto Option Age 65+ | Conservative | 0.96% | +4.6% | +2.4% |
| Lifestages Auto Option Age 55 - 59 | Balanced | 1.05% | +7.5% | +4.5% |
| Lifestages Auto Option Age 60 - 64 | Balanced | 0.99% | +5.6% | +3.1% |
| Lifestages Auto Option Age 50 - 54 | Growth | 1.11% | +9.6% | +5.9% |
| Lifestages Auto Option Age 0 - 49 | Aggressive | 1.17% | +11.8% | +7.3% |
| Sbs Wealth Focused Growth Fund | Aggressive | 1.20% | Not reported | Not reported |
| Sbs Wealth High Growth Fund | Aggressive | 1.17% | +11.7% | +7.4% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.