Our Lifetimes option

Our Lifetimes option is not a separate fund. When you select the Lifetimes option, at any one time your savings are invested in one of our five multi-asset-class funds or in our Cash Fund, based on your age. 

 

How it works As you get older and reach the next age range, we move your savings to a different fund. For example, during the month you turn 46 we'll switch you from the Balanced Growth Fund to the Balanced Fund. We keep doing this until you turn 65, when your savings will be invested in the Cash Fund until you withdraw them.

You can switch in or out of the Lifetimes option at any time.
The key benefit You’re always invested in a fund that has levels of risk and expected returns that are considered appropriate for an average person of your age.

For more information about returns please see the guide and product disclosure statement.
The idea behind it If you’re young, you have a reasonably long time until retirement age. You can invest in riskier assets in the hope of receiving higher returns, and the good years should more than balance out the bad years.

This changes as you approach retirement when you’re better to accept lower returns but take less risk (because you have a shorter time until retirement and less time to recover any losses).

 
Where your savings go When you’re young, your savings are invested mostly in growth assets (such as equities and listed property). As you get older, your savings move more into income assets (such as cash assets and cash equivalents, and fixed interest).
The Lifetimes option might not be right for everyone Our Lifetimes option doesn’t take your personal circumstances into account, and so it might not be right for you. For example, you might have a different appetite for risk than the average person of your age or you might want to use some of your KiwiSaver savings to help buy your first home. We recommend you seek personalised financial advice from a financial adviser.
More information You can find the Lifetimes option age ranges outlined in the multi-asset-class tab above, along with the fund description and target investment mix for the various funds your savings progress through.

 

Are you in the right fund?

It’s important to remember your  fund needs may change between now and when you retire. We recommend that if your situation or goals change at any point, you should review your fund options to make sure you’re in the right fund for you.

If you want help choosing from our funds you can:

  • complete the ‘Risk Profile Tool’ to identify your risk/return profile and which multi-asset-class fund might be right for you
  • choose our Lifetimes option, where your savings are invested in one of our funds based on your age
  • seek personalised financial advice from a financial adviser.

Find out how to change your fund.

 

ANZ New Zealand Investments Limited is the issuer and manager of the OneAnswer KiwiSaver Scheme. Download a copy of the OneAnswer KiwiSaver Scheme guide and product disclosure statement, or request a copy by calling 0800 736 034.

Our single-asset-class funds

The objective of each single-asset-class fund is to invest in a specific asset class (including some cash and cash equivalents) to generate investment performance that reflects the level of risk applicable to that asset class.

More fund information

More information about our single-asset-class funds can be found in our fund updates.

You can find the current fund performance here and a summary of how investment markets - and the funds you're invested in - have performed here.

Fund Invests mainly in
Cash cash and cash equivalents. Investments may include cash and cash equivalents issued by the New Zealand Government, New Zealand-registered banks, corporations and local authorities.
New Zealand Fixed Interest

New Zealand fixed interest assets. Investments may include:

  • fixed interest assets issued by New Zealand or international entities denominated in New Zealand dollars, and
  • cash and cash equivalents. 
International Fixed Interest

international fixed interest assets. Investments may include:

  • fixed interest assets issued by governments or international companies, and
  • cash and cash equivalents.
Australasian Property

New Zealand and Australian listed property assets. Investments may include:

  • listed companies, funds or trusts that invest in property, and
  • cash and cash equivalents.
International Property

international listed property assets. Investments may include:

  • listed companies, funds or trusts that invest in property, and
  • cash and cash equivalents.
Australasian Share

New Zealand and Australian equities. Investments may include:

  • equities in companies that are listed or intend to list on the New Zealand or Australian stock exchanges, and
  • cash and cash equivalents.
International Share

international equities. Investments may include:

  • equities in companies that are listed on a recognised stock exchange, and
  • cash and cash equivalents.
Sustainable International Share

equities in companies pursuing a sustainable development policy. Investments may include:

  • equities in companies pursuing a sustainable development policy and combining respect for social principles (such as human rights, non-discrimination and the issue of child labour) and environmental principles, with good financial prospects,
  • convertible securities, and
  • cash and cash equivalents.

 

Are you in the right fund?

It’s important to remember your fund needs may change between now and when you retire. We recommend that if your situation or goals change at any point, you should review your fund options to make sure you’re in the right fund for you. 

If you want help choosing from our single-asset-class funds we recommend you seek personalised financial advice from a financial adviser.

Find out how to change your fund.

 

ANZ New Zealand Investments Limited is the issuer and manager of the OneAnswer KiwiSaver Scheme. Download a copy of the OneAnswer KiwiSaver Scheme guide and product disclosure statement, or request a copy by calling 0800 736 034.

Types of assets

Our funds invest in a variety of asset classes, including cash and cash equivalents, fixed interest, equities and listed property. They may also invest in alternative assets.

The main asset classes can be grouped into two categories, as shown below.

Different asset classes have different levels of risk and return

Growth assets are likely to experience larger movements in value compared to income assets. However, they are also expected to achieve higher investment returns over the long term. This concept is the ‘risk/return’ relationship.

We offer a range of funds that invest in a different mix of growth assets and income assets. Depending on the mix of assets, each fund has a different risk/return profile.

If you’re seeking:

  • higher returns, you need to be willing to accept more risk (for example, by investing in a fund with more growth assets)
  • lower risk, you need to be willing to accept lower returns (for example, by investing in a fund with more income assets).

More fund information

More information about our multi-asset class funds can be found in our fund updates.

You can find the current fund performance here and a summary of how investment markets - and the funds you're invested in - have performed here.

Conservative

Invests mainly in income assets (cash and cash equivalents and fixed interest), with a smaller exposure to growth assets (equities and listed property). 

Lifetimes option age range: 61 to 64

Conservative Balanced

Invests mainly in income assets (cash and cash equivalents and fixed interest), with some exposure to growth assets (equities and listed property). 

Lifetimes option age range: 56 to 60

 

Balanced

The Balanced Fund invests in similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities and listed property). 

Lifetimes option age range: 46 to 55


 

Balanced Growth

Invests mainly in growth assets (equities and listed property), with some exposure to income assets (cash and cash equivalents and fixed interest). 

Lifetimes option age range: 36 to 45

Growth

Invests mainly in growth assets (equities and listed property), with a smaller exposure to income assets (cash and cash equivalents and fixed interest). 

Lifetimes option age range: 35 and under


 

All of our multi-asset-class funds may invest in alternative assets.

Are you in the right fund?

It’s important to remember your fund needs may change between now and when you retire. We recommend that if your situation or goals change at any point, you should review your fund options to make sure you’re in the right fund for you.

If you want help choosing from our funds you can:

  • complete the ‘Risk Profile Tool’to identify your risk/return profile and which multi-asset-class fund might be right for you
  • choose our Lifetimes option, where your savings are invested in one of our funds based on your age
  • seek personalised financial advice from a financial adviser.

Find out how to change your fund.

 

ANZ New Zealand Investments Limited is the issuer and manager of the OneAnswer KiwiSaver Scheme. Download a copy of the OneAnswer KiwiSaver Scheme guide and product disclosure statement, or request a copy by calling 0800 736 034.