A brainwave to combine the talents of JUNO Investing Magazine and Pie Funds Management led to the launch of JUNO KiwiSaver Scheme on 1 August.
JUNO KiwiSaver Schme is “a KiwiSaver product the is really clear and communicates clearly with its members by offering transparent fees,” says co-founder Jacqueline Taylor in an interview on Radio Live’s Weekend Life show.
Jacqueline explains how the management fee and performance fees of all other providers currently available can be confusing and opaque, and is charged as a percentage of the total investment making it difficult to understand. “New Zealanders really need to understand what they’re paying. At JUNO KiwiSaver Scheme we do this in dollar terms. So for a $20,000 balance, you’d be paying $60 a year. That’s it – and you’ll know it.”
JUNO KiwiSaver Scheme also aims to get Kiwis “on board early,” with their investment – leading to a bigger nest egg and a more comfortable retirement. “There are no membership fees for under 19s – so it’s a great start.”
Hear the interview in full here.
First published August 2018
Pie Funds Management Limited is the issuer of the JUNO KiwiSaver Scheme. You can read our Product Disclosure Statement here. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. Before relying on it, we recommend you speak with a financial adviser.