In simple terms, the Fisher Funds KiwiSaver Scheme GlidePath that you are invested in uses two funds and starts changing your investment mix from age 46. The Fisher Funds KiwiSaver Plan GlidePath uses five funds and starts changing your investment mix earlier, from age 28.
Relaxing on a sun lounger
The table below shows some examples of how the two options compare at different ages, including investment mix, risk level, and estimated annual fees.
Age
Ratio of Growth / Income Asset
Risk Indicator Score
(as at 31 March 2026)
Estimated Annual Fund Charges
Fisher Funds KiwiSaver Scheme
Fisher Funds KiwiSaver Plan
Fisher Funds KiwiSaver Scheme
Fisher Funds KiwiSaver Plan
Fisher Funds KiwiSaver Scheme
Fisher Funds KiwiSaver Plan
30
80% / 20%
93% / 7%
4
4
1.13%
1.21%
50
72% / 28%
74% / 26%
4
4
1.10%
1.09%
60
46% / 54%
45% / 55%
4
4
0.98%
0.95%
75
25% / 75%
19% / 81%
3
3
0.94%
0.82%
The Fisher Funds KiwiSaver Plan GlidePath will start with a higher growth asset weighting and continue to reduce growth assets gradually after age 65. Because the Fisher Funds KiwiSaver Plan GlidePath feature incorporates more funds, it offers a more complete solution than was possible in the Fisher Funds KiwiSaver Scheme. It will more closely track the desired path for a member saving and spending over their lifetime. As a result of the introduction of the additional funds, the fees for Fisher Funds KiwiSaver Plan GlidePath clients under age 47 are slightly higher than fees in Fisher Funds KiwiSaver Scheme GlidePath for members in this age group.
“This is a more complete solution than was possible in the Fisher Funds KiwiSaver Scheme”
Fisher Funds KiwiSaver Scheme
Fisher Funds KiwiSaver Plan
Conservative Fund
Cash Fund
Growth Fund
Conservative Fund
Balanced Fund
Growth Fund
Aggressive Fund

These are the funds in the Fisher Funds KiwiSaver Plan GlidePath

Here are the funds that GlidePath in the Fisher Funds KiwiSaver Plan invests in:

Fisher Funds KiwiSaver Plan

Cash Fund
  • Cash Fund
  • Balanced Fund
  • Aggressive Fund
Conservative Fund
  • Conservative Fund
  • Growth Fund

 

Fund Asset Allocation Chart

 

Fund Asset Allocation Chart

Estimated Annual Fund Charge

Estimated Annual Fund Charge

Risk Indicator*

Lower risk Higher risk
1
2
3
4
5
6
7
Potentially lower returns Potentially higher returns

Risk Indicator*

Lower risk Higher risk
1
2
3
4
5
6
7
Potentially lower returns Potentially higher returns

Aims to provide stable returns and reduce the potential of capital loss over the short to medium term by investing in cash and New Zealand short term fixed interest assets.

Income Assets

100%
  • Cash 100%
* Risk indicator as at 31 March 2026

Aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets.

Income Assets

40%
  • Cash 5%
  • New Zealand fixed interest 16%
  • International fixed interest 19%

Growth Assets

60%
  • Australasian equities 18%
  • International equities 38%
  • Listed property 2%
  • Unlisted property 2%
* Risk indicator as at 31 March 2026

Aims to grow your investment over the long term by investing predominantly in growth assets.

Income Assets

5%
  • Cash 5%

Growth Assets

95%
  • Australasian equities 28%
  • International equities 63%
  • Listed property 2%
  • Unlisted property 2%

* Risk indicator as at 31 March 2026

Aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets.

Income Assets

80%
  • Cash 20%
  • New Zealand fixed interest 28%
  • International fixed interest 32%

Growth Assets

20%
  • Australasian equities 5%
  • International equities 11%
  • Listed property 2%
  • Unlisted property 2%


Aims to grow your investment over the long term by investing mainly in growth assets.

Income Assets

20%
  • Cash 5%
  • New Zealand fixed interest 7%
  • International fixed interest 8%

Growth Assets

80%
  • Australasian equities 26%
  • International equities 50%
  • Listed property 2%
  • Unlisted property 2%

These are the funds in the Fisher Funds KiwiSaver Scheme GlidePath

Here are the funds that GlidePath in the Fisher Funds KiwiSaver Scheme invests in:

Fisher Funds KiwiSaver Scheme

Conservative Fund
  • Conservative Fund
Growth Fund
  • Growth Fund

 

Fund Asset Allocation Chart

 

Fund Asset Allocation Chart

Estimated Annual Fund Charge

Estimated Annual Fund Charge

Risk Indicator*

Lower riskHigher risk
1
2
3
4
5
6
7
Potentially lower returns Potentially higher returns

Risk Indicator*

Lower riskHigher risk
1
2
3
4
5
6
7
Potentially lower returns Potentially higher returns

Aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets.

Income Assets

80%
  • Cash 20%
  • New Zealand fixed interest 28%
  • International fixed interest 32%

Growth Assets

20%
  • Australasian equities 5%
  • International equities 11%
  • Listed property 2%
  • Unlisted property 2%
• Risk indicator as at 31 March 2026

Aims to grow your investment over the long term by investing mainly in growth assets.

Income Assets

20%
  • Cash 5%
  • New Zealand fixed interest 7%
  • International fixed interest 8%

Growth Assets

80%
  • Australasian equities 26%
  • International equities 50%
  • Listed property 2%
  • Unlisted property 2%

How GlidePath works in the Fisher Funds KiwiSaver Plan

GlidePath automatically changes how your KiwiSaver savings are invested as you get older. The Fisher Funds KiwiSaver Scheme uses two funds (Conservative and Growth). The combination of these two funds results in a mix of growth and income assets that changes over time as seen in the following graph.

GlidePath also applies in the Fisher Funds KiwiSaver Plan, but it works a little differently. Instead of using two funds, it uses five. It also starts changing your investment mix earlier, from age 28, and continues making changes up to age 100, resulting in a combination of growth and income assets that changes over time as follows.

This is a more complete solution than was possible in the Fisher Funds KiwiSaver Scheme. It has access to three more funds which are the Aggressive Fund, Balanced Fund and Cash Fund and will more closely track the desired path for a member saving and spending over their lifetime.
If you would like to see an interactive graph that shows how the GlidePath growth vs income ratio changes over time, go to fisherfunds.co.nz/fisherfundskiwisaverscheme

When would I move to the Fisher Funds KiwiSaver Plan GlidePath?

If the proposed transfer is approved, you will move to the Fisher Funds KiwiSaver Plan on 6 October 2026, where your funds will be invested in the Growth Fund and the Conservative Fund with the same investment mix as your previous investments in the Fisher Funds KiwiSaver Scheme. You will then move to Fisher Funds KiwiSaver Plan Glidepath on your next birthday.

Is there a service charge for using GlidePath?

You only pay the normal annual fund charges for the fund(s) you are invested in. Fisher Funds does not charge additional fees for investment into Fisher Funds KiwiSaver Plan GlidePath.
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Returns

For up-to-date returns of the funds that GlidePath invests in, please visit fisherfunds.co.nz/funds-and-performance

Returns