JUNO KiwiSaver Scheme takes aim at banks

Wednesday 1 August, 2018

JUNO KiwiSaver Scheme takes aim at banks, puts more money in members’ pockets

The JUNO KiwiSaver Scheme is live!

New Zealand’s newest KiwiSaver opportunity delivers a straightforward monthly subscription fee model (like Netflix or Spotify) and free learning tools, to help better prepare Kiwis for their financial future.

The scheme’s interactive website www.junokiwisaver.co.nz is easy to navigate and written in clear, plain language. It takes just two minutes to switch schemes online and take advantage of JUNO’s low fees, active management and commitment to growing financial capability, say its founders Mike and Jacqueline Taylor.

“We’ve had a fantastic response to news we’re in the market. Kiwis seem keen to learn more about our plain English approach, our transparency around fees and how much they could save moving to the JUNO KiwiSaver Scheme,” says Jacqueline. “People are particularly excited that there are no fees for under-18s and balances less than $5,000. That’s really appealing to parents looking to set their kids up for their future.”

The JUNO KiwiSaver Scheme is the first in New Zealand to scrap percentage-based fees and charge just one, low, monthly fee in an easily-understood dollar amount. “So many of us don’t understand how much money could be hiding behind a percentage, which is how the rest of the industry charges fees. We make our costs crystal clear. And those costs are lower than the others’. Our online calculator at www.junokiwisaver.co.nz shows how our model can mean literally thousands of dollars in savings each year.”

A registered teacher who launched JUNO investing magazine in 2014, Jacqueline has partnered with husband Mike and his team at Pie Funds, who will manage the scheme’s conservative, balanced and growth funds.
The JUNO KiwiSaver Scheme will be actively managed – in plain language, this means Pie’s experienced team makes investment decisions based on their view of the quality of the company, and the value of its shares. The Scheme’s money will not be invested through offshore investment managers.

Co-founder Mike Taylor explains that JUNO will invest in a mixture of companies most Kiwis will have heard of, and some lesser-known names that pass the team’s investment filters. These filters include Environmental, Social and Governance filters (ESG) for cluster munitions, tobacco and firearms, as well as other exclusions.
“Many KiwiSaver Scheme members don’t know what fund they’re in, let alone where their money is invested and why,” says Mike. “We buy companies we like, when we think their share price is good value. We research and manage risk carefully, to try to achieve above-average market returns. We’re open about how and where we invest, and we’ll let you know how your investment is performing along the way.”

All JUNO KiwiSaver Scheme members will have free access to a suite of tools, articles and info to help them make their money work harder every day. “We’re passionate about education,” Jacqueline continues “and helping New Zealanders understand everything from their own appetite for risk, to budgeting, to building wealth. To some, KiwiSaver might seem scary, but we make it fun, with our digital-first approach, and down-to-earth discussion on stuff that really makes a difference to Kiwis’ pockets.”

Anyone interested in learning more about the JUNO KiwiSaver Scheme can jump online at www.junokiwisaver.co.nz and try the quick calculator to see what they could save. Joining is easy – JUNO’s NZ-based customer service team can help Kiwis make the switch by phone or online in a couple of minutes with just their IRD number and driver’s licence.

JUNO KIWISAVER SCHEME ISSUED AND MANAGED BY PIE FUNDS
Level One, 1 Byron Avenue Takapuna, Auckland 0622 0800 JUNO KS info@junokiwisaver.co.nz www.junokiwisaver.co.nz
Disclaimer: Pie Funds Management Limited is the issuer of the JUNO KiwiSaver Scheme. To access the Product Disclosure Statement, please visit www.junokiwisaver.co.nz.

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