Milford KiwiSaver Plan

Choosing a KiwiSaver Plan is a key investment decision in relation to saving for your retirement. Maxim has an agency agreement with Milford KiwiSaver Plan, managed by Milford Asset Management Limited.

Morningstar have awarded Milford the KiwiSaver Fund Manager of the Year for 2013, 2014, 2016, 2018 and 2019 and Canstar KiwiSaver Provider of the Year Award for 2020. Milford also manages New Zealand’s top performing KiwiSaver Growth Fund over the last 10 years.

The Milford KiwiSaver Plan provides six funds for you to invest in: Cash, Conservative, Moderate, Balanced, Active Growth and Aggressive, and you can select a fund, or a combination of funds for you to invest in.

Principal Benefits:

  • Milford has one of the largest and most globally experienced investment teams in New Zealand. Having this expertise working for you can give you the edge you need to reach your retirement goals.

  • The Funds are actively managed portfolios that provide a broad range of investment options.

  • Responsible investment, including environmental, social, and governance considerations, is considered in the investment policies and procedures of the scheme.

  • Mobile app and online portal ensure customers have full visibility over their balance, fund performance and where their money is invested. Providing access to annual statements, transaction history which can be downloaded.

  • The Plan is a trust governed by a trust deed. The Supervisor of the Plan (or its appointed custodian) holds the Plan’s investments. Trustees Executors Limited is the Supervisor (‘Supervisor’) and supervises performance of the functions and obligations.

  • The Funds are separately accounted for and assets of one Fund cannot be used to cover the liabilities of another Fund.

  • The Funds utilise the benefits of the PIE tax regime.

  • Milford is required to publish quarterly updates for each Fund. The updates show the returns, and the total fees actually charged to investors, during the previous year.

  • Registered under the Financial Markets Conduct Act 2013 as a KiwiSaver scheme.

Principal Risks:

There is no Government guarantee in respect of any KiwiSaver scheme or investment product of a KiwiSaver scheme. Past performance is no guarantee of future returns.

You have no direct control over what Milford invests in.

Conditions apply to withdrawals.

Fees and Charges

Maxim do not charge you fees to advise and administer the Milford KiwiSaver Plan. Instead of Milford charging for ongoing Advice and Administration, Milford pay Maxim 0.20% per annum of your account balance (paid monthly) to provide you this service. The Milford KiwiSaver Plan fees and charges are the same as publicly advertised by Milford Asset Management Limited, there is no difference in costs to you by opting to access the scheme through Maxim.

View: Maxim Client Agreement Terms and Conditions