The JUNO KiwiSaver Scheme is live!

The JUNO KiwiSaver Scheme is live!

The new JUNO KiwiSaver Scheme is taking aim at banks, and plans to cut fees to put more money in members’ pockets, say its founders.

New Zealand’s newest KiwiSaver scheme has gone live.

Founders Jacqueline and Mike Taylor say the new scheme’s point of difference is that it delivers a straightforward monthly subscription fee model, like Netflix or Spotify.

 It also includes free learning tools, to help better prepare Kiwis for their financial future.

The scheme’s interactive website, is easy to navigate and written in clear, plain language, says Jacqueline Taylor.

Two minutes to switch

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, she says.

“We’ve had a fantastic response to news we’re in the market,” she says.

“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.

“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.”


First to scrap percentage fees

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, says Taylor.

“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 shows how our model can mean literally thousands of dollars in savings each year.”

Magazine partners with funds manager

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 says 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 which fund they’re in, let alone where their money is invested, and why,” says Mike.

Looking for above-average returns

“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.”

The pair say that 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.

Passionate about education

Says Jacqueline Taylor: “We’re passionate about education, and about 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 go to and use a quick calculator to see how much money they could save on fees.

Joining is easy, they say.

JUNO’s New Zealand-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.

Pie Funds Management Limited is the issuer of the JUNO KiwiSaver Scheme. The Product Disclosure Statement is available at