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ANZ further reduces fees for our clients

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Over the last three years, Moneyworks clients have benefitted from reductions in fees from ANZ on the OneAnswer Portfolio Service and also on their KiwiSaver.  ANZ has announced further reductions in fees as follows.

OneAnswer Portfolio Service from 1st August 2019

Particularly valuable to Moneyworks clients:
There will be no custodial charge for cash management accounts
The fee on term deposits within your portfolio will be 0.15% (less the 0.10% rebate for Moneyworks clients).

The rest of the miscellaneous fee reductions are below:

Below is a summary of the fee changes.

Instrument / fee type

Current fee or margin

New fee or margin

Cash management accounts

0.25% to 0.35%

0.00%

Term Deposits

0.25% to 0.35%

0.15%

Large clients $5m+

0.25%

0.10%

OA MAC Portfolios

0.03%

0.00%

AUD/NZD & NZD/AUD FNZ FX margin

30pips

25pips

GBP/NZD & NZD/GBP FNZ FX margin

35pips

25pips

USD/NZD & NZD/USD FNZ FX margin

70pips

50pips

FNZ margin on USD interest

0.50%

0.25%

FNZ margin on AUD interest

1.00%

0.50%

FNZ margin on HKD interest

0.75%

0.25%

FNZ margin on GBP interest

0.50%

0.25%

FNZ margin on NZD interest

0.07%

0.10%

The above in conjunction with the below previously advised Jarden (FNZC) brokerage reductions, have reduced the overall client platform costs.

Instrument

Old Brokerage*

New Brokerage*

NZX Shares

0.40% or $40
(whichever is greater)

0.30% or $30
(whichever is greater)

NZX Fixed Interest

0.30% or $40
(whichever is greater)

0.25% or $30
(whichever is greater)

ASX Shares

0.40% or AU$40
(whichever is greater)

0.30% or AU$30 
(whichever is greater)

ASX Fixed Interest

0.30% or AU$40
(whichever is greater)

0.25% or AU$30
(whichever is greater)

Offshore Shares

0.40% or $40
(whichever is greater)

0.30% or $40
(whichever is greater)

Offshore Fixed Interest

0.30% or $40
(whichever is greater)

0.30% or $40
(whichever is greater)

*Plus any external charges such as stock exchange trading fees.

ANZ Multi-Asset Class and Single-Asset Class Funds

The new annual fund charges are outlined below.

OneAnswer Multi-Asset-Class Funds

Current annual fund charge

New annual fund charge from 1 July 2019

Change

Growth Fund

1.41%

1.13%

-0.28%

Balanced Growth Fund

1.36%

1.08%

-0.28%

Balanced Fund

1.31%

1.03%

-0.28%

Conservative Balanced Fund

1.26%

0.98%

-0.28%

Conservative Fund

1.21%

0.91%

-0.30%

OneAnswer Single-Asset-Class Funds

Current annual fund charge

New annual fund charge from 1 July 2019

Change

Australian Share Fund

1.29%

1.18%

-0.11%

Balanced Fund

1.30%

1.09%

-0.21%

Equity Selection Fund

1.29%

1.29%

No change

International Share Fund

1.29%

1.19%

-0.10%

NZ Share Fund

1.19%

1.18%

-0.01%

Property Securities Fund

1.19%

1.18%

-0.01%

New Zealand Fixed Interest Fund

0.74%

0.72%

-0.02%

International Fixed Interest Fund

0.94%

0.93%

-0.01%

International Property Fund

1.34%

1.18%

-0.16%



 

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