# Westpac KiwiSaver Scheme

Westpac KiwiSaver Scheme is a Pension Fund based in Auckland, New Zealand.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Auckland, New Zealand
- **Region:** Oceania
- **Address:** Auckland, New Zealand
- **Founded:** 2007
- **Assets under management:** NZD 10B - NZD 20B (Altss estimate)
- **Website:** www.westpac.co.nz
- **LinkedIn:** https://www.linkedin.com/company/west-pack-co

## Regulatory record

- **Reports private funds:** No

## About

Westpac KiwiSaver Scheme is a superannuation scheme based in Auckland, New Zealand. It manages approximately $6.5 billion in assets, primarily serving the Australasian region.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Alternative Investments

## People

- Nigel Jackson — General Manager, Investments & Insurance

## Questions

### Who manages the investments for the Westpac KiwiSaver Scheme?

BT Funds Management (NZ) Limited acts as the scheme manager and investment manager. It is part of the Westpac Banking Corporation group. Nigel Jackson serves as General Manager of Investments & Insurance for Westpac New Zealand, overseeing the retail wealth and insurance product suite that includes the KiwiSaver scheme.

### What role does real estate play in the scheme's portfolio?

Direct property and listed real estate investments form a distinct allocation. Known holdings include Precinct Properties NZ Ltd (New Zealand commercial), Allied Properties REIT (Canada), National Storage REIT (Australia), and the Elanor Commercial Property Fund (Australia). The scheme supplements these with a broader 'Alternative Investments' allocation across global markets.

### Does the Westpac KiwiSaver Scheme commit to external fund managers or only run internal strategies?

The scheme's investments are managed internally by BT Funds Management (NZ) Limited, which constructs multi-asset portfolios using a mix of direct securities, in-house funds, and external mandates. The exact split between internal management and external manager allocations is not publicly broken out, but the property holdings suggest a blend of direct investment and managed fund participation.

### Is Westpac KiwiSaver open to non-New Zealand residents or institutional investors?

No. The Westpac KiwiSaver Scheme is exclusively available to New Zealand citizens and permanent residents who are eligible to join KiwiSaver. It does not accept direct institutional mandates, pooled fund commitments from offshore allocators, or external family office capital.

## Related profiles

- [Westpac Bank](https://altss.com/profile/westpac-bank)
- [Westpac Private Bank](https://altss.com/profile/westpac-private-bank)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/westpac-kiwisaver-scheme

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