Smiths Reports
Quarterly KiwiSaver intelligence, in plain English.
Broker-grade analysis of the NZ KiwiSaver market. No in-house fund. Sourced from FMA quarterly disclosures. Not a press release. Not a marketing piece. Just numbers and an opinion.
Capital Flows Report · Q1 2026
Net $250M shifted out of bank-owned schemes last quarter. Simplicity won.
The first Smiths quarterly Capital Flows Report. Where money moved between providers, which schemes lost FUM net of contributions, and what it tells us about member behaviour after the July 2025 government-contribution cut.
Coming up
Fee Transparency Index
Quarterly · Q2 2026
The single dollar number, what the average KiwiSaver actually pays in fees, tracked over time.
Annual State of KiwiSaver
Yearly · Apr 2027
How many NZ funds beat inflation. The single number every member should know.
First Home Withdrawal Index
Bi-annual · 2027
Average KiwiSaver first-home deposit by region, Auckland, Wellington, Christchurch, the rest.