Welcome to our review of Juno Kiwisaver. This review covers a summary of Juno Kiwisaver and their fees and funds, and who Juno Kiwisaver may be suited to. We have gathered together Juno Kiwisaver customer reviews and ratings, so that you can get an overview of what other people say about their service.
Summary of Juno Kiwisaver
Keep it simple – with transparent pricing through a simple flat monthly fee structure depending on your balance, and three investment funds to choose from. They focus on using this difference and their expertise to put more money in your pocket help you understand your investment.
Juno Kiwisaver is 100% Kiwi owned and operated – all their staff work in in New Zealand. Juno use an active investing strategy, meaning fund managers actively make decisions about where to invest the scheme’s money.
They are committed to socially responsible ESG investing, by investing for positive returns and positive long-term environmental, social and economic impacts. Their investments exclude firearms, tobacco, gambling, controversial weapons, pornography, and NZ illegal drugs.
Their funds are available to everyone, with zero fees for under 18s and balances under $5,000. They provide online tools and apps to make financial education easy and enjoyable; providing clarity on KiwiSaver and your investment.
Outline of Juno Kiwisaver scheme
Juno’s Kiwisaver philosophy revolves around keeping things simple – with a simple flat monthly fee structure depending on your balance, and three investment funds to choose from.
A key point of difference for Juno Kiwisaver is their fee structure. They charge one, low, monthly fee based on your balance – similar to a subscription fee like Netflix or Spotify. In comparison, a typical Kiwisaver provider may charge you an administration fee, a management fee and a performance fee.
Kiwisaver fees always reduce your return, so you need to be comfortable that there is a good reason to pay higher fees with another provider. If your current provider is delivering great returns, or top service, then the higher fee may be justified. But, it’s important to feel that you are getting value for money for the fee that you pay.
Simplicity is key when it comes to Juno Kiwisaver’s fee structure:
- Free for under 18s or balances under $5k
- $5 per month for balances $5k - $24,999
- $15 per month for balances $25k - $49,999
- $25 per month for balances $50k - $99,999
- $50 per month for balances $100k - $1 million
(plus $100 per month for every million invested)
How do their fees measure up?
When comparing a Kiwisaver balance of $20,000 – the industry average fee was $21.98 per month*. Juno Kiwisaver, would charge $5 per month for the same balance.
*For a KiwiSaver balance of $20,000. Based on average annual growth fund fee Sorted Fund Finder as at 31 March 2019
In keeping with their theme of simplicity, Juno Kiwisaver offer three funds to choose from:
- Conservative fund – suitable for the more cautious investor. The Conservative Fund seeks to preserve your capital, with some growth, averaging 2-5% annually after fees and tax, over three to five years. May be suitable for those who have a short timeframe in which to invest.
- Balance fund – The Balanced Fund seeks to provide you with steady capital growth, averaging 5-10% annually after fees and tax, over five to 10 years. This may suit you if you plan to invest over a medium or longer timeframe.
- Growth Fund – suitable for ambitious investors. The Growth Fund aims to provide capital growth, averaging 10% or more annually after fees and tax, over a timeframe of more than 10 years. This may suit you if you’re further away from retirement and comfortable with investing.
Who is Juno Kiwisaver suited to?
Juno Kiwisaver will appeal to those who want a straightforward Kiwisaver model that delivers good results, those who are starting out in their financial life, and people who are committed to ethical investing.
Juno Kiwisaver will give those starting out in their working life a great financial start. It’s free for under 18s, and for balances under $5k – make the fund appealing to those who are at the start of their working life. For example working a part time job while at school or university, and for those who have recently started working.
It's also well suited to those who are looking for a straightforward Kiwisaver model that delivers good results. Decision to keep things simple with their fee structure and fund types – competitive rates compared to other providers. Their funds are actively managed, with experience fund managers focused on generating good returns.
Juno Kiwisaver is also well-suited to those who are committed to ethical investment from a 100% Kiwi owned and operated Kiwisaver fund.
Customer reviews of Juno Kiwisaver
How do Juno Kiwisaver customers review them? We brought together online customer reviews of Juno Kiwisaver – and they were largely positive. View the Juno Kiwisaver customer reviews below to learn more.
Google reviews about Juno Kiwisaver
Juno Kiwisaver customer reviews on Google are overall fairly positive – with an average score of 5 out of 5 out of 7 ratings. We gathered together Google customer reviews for Juno Kiwisaver on 4 February 2020. The reviews were largely positive – check out more Google reviews here
Tim Thomas 5/5 a year ago
"The best and most transparent rates on your Kiwisaver management, free for our kids, easy to transfer."
Mark Devcich 5/5 a year ago
Facebook reviews about Juno Kiwisaver
Juno Kiwisaver customer reviews on Facebook are overall fairly positive – with an average score of 4.6 out of 5 based on the opinion of 9 people. . We gathered together Facebook customer reviews for Juno Kiwisaver on 4 February 2020. The reviews were largely positive – check out more reviews here
Cass Louise Jobin recommends JUNO KiwiSaver Scheme on September 30, 2019
"100% recommend JUNO! Such an awesome company and the KiwiSaver Scheme is great, especially for those starting a KiwiSaver as there’s no fees with a balance under $5,000!
Definitely need to switch if you are planning on buying a first home as well"
Eva Haira - Sanft recommends JUNO KiwiSaver Scheme on October 31, 2019
"Well I like that I can see my balance by logging in via website. I didn't have too much details from my previous provider, and I received annual statements. also I was never clear on how my funds were managed. Time will tell with JUNO."
Nicholas Dzadza recommends JUNO KiwiSaver Scheme on March 7, 2019
"No fees for balances less than $5,000 - is a very attractive feature for those who have lower KiwiSaver balances."
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This information was updated on 4 February 2020
Money Compare is not a Kiwisaver Adviser, and this review has been published to provide an overview of services offered by Juno Kiwisaver, and outline the pros and cons of Juno Kiwisaver as a Kiwisaver option.