Digital Tool Nature & Scope Disclosure
About Savvy Saver and the advice
Savvy Saver is a digital advice tool designed to recommend a KiwiSaver fund “Find Your Fund”.
Savvy Saver will:
- Recommend a KiwiSaver scheme and fund, based on your answers
- Show how the recommended fund compares with two other KiwiSaver options
- Recommend that you contact a human financial adviser if you need further assistance
- Provide you with access to further information
- Show you how to apply for the recommended scheme and fund.
Limitations of the advice
- Savvy Saver’s fund recommendation is based on your investment goals and timeline.
- It does not consider your full financial situation or take into account other investments and savings.
- Performance numbers are supplied directly from the providers rather than calculated independently by Savvy Saver.
Savvy Saver only provides financial advice on KiwiSaver schemes from the following product providers:
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KiwiSaver Scheme Providers |
Generate Investment Management Limited, Milford Asset Management Limited, New Zealand Funds Management Limited, Pathfinder Asset Management Limited. |
Savvy Saver’s recommendations are based on the answers you provide today. If circumstances change, we recommend that you complete the “Find Your Fund” questions again or contact us for help.
Fees and Expenses
There are no fees for using the Savvy Saver “Find Your Fund” digital advice tool.
You pay ongoing management and other fees and expenses to the KiwiSaver provider out of your KiwiSaver investment. These are explained in the Product Disclosure Statement for your recommended KiwiSaver scheme.
You will not be charged for advice from Savvy Saver. However, if you require advice via a financial adviser they may charge you a fee for their services. They are required to explain any fees before providing you with advice.
Conflicts of Interest and Incentives
The KiwiSaver scheme provider will pay Savvy Saver a fee between $0 - $300 for the financial advice and/or commission of between 0% and 0.50% of funds under management.
These will be explained in more detail with your advice recommendation.
To ensure that Savvy Saver prioritise your interests above our own, Savvy Saver Limited follows an advice process where the recommendations are made based on your responses to the questions asked by the advice tool.
Savvy Saver completes ongoing reviews of the digital advice tool, tests it under various scenarios and obtains an independent compliance review annually by a reputable compliance consultancy firm.
Your Privacy
Savvy Saver complies with the Privacy Act 2020.
Your information will be collected, used, shared and securely stored according to our Privacy Policy which is available on our website.
If at any time you wish to have access to, or correct any of, the information obtained with your permission, please contact Savvy Saver.
Client Acknowledgment
I confirm that I understand and wish to proceed.
About your Financial Advice Provider
Savvy Saver Limited, FSP1008091, holds a Financial Advice Provider licence issued by the Financial Markets Authority to provide financial advice.
You can contact us directly in any of these ways:
By phone: 0800 468 282
By email: info@savvysaver.co.nz
By post: Suite 8, 211 Ferry Road, Waltham, Christchurch, 8011