MESSAGE FROM MARTIN

Another financial year is over and it is a great time to reflect on some of the milestones we were able to achieve together.

We welcomed 6,500 of the Mercer Super Trust KiwiSaver scheme customers into Mercer KiwiSaver scheme and transitioned to the new regulatory regime called Financial Markets Conduct Act.

So much has happened during the year, I hope you take time to hear from Mercer’s team and read about your investment.

Martin Lewington
Mercer CEO and Director
of Mercer (N.Z.) Limited

 

Watch CEO Video

MESSAGE FROM MARTIN

Meet the Team

Meet the Team
Get to know the people involved in providing and managing your scheme.
  • Sarah WhitelockSarah Whitelock
  • Nicky BurnsNicky Burns
  • Philip Houghton-BrownPhilip Houghton-Brown
  • Glenys WilsonGlenys Wilson
  • Tatiana MesTatiana Mes

Sarah is the Master Trust and KiwiSaver Product Leader, based in Wellington. Sarah has been with Mercer for 17 years.

Sarah’s Tip: Investment Choice

You should always consider your own personal circumstances when choosing your investment options. Here are two questions you should answer:

1) How long do you have until you start drawing down your savings?
2) How comfortable you are with risk? Mercer’s risk quiz can help you answer this question.

Sarah WhitelockSarah Whitelock

Nicky is the Administration Leader and she has been with Mercer for 16 years.

Nicky’s Tip: Maximising member tax credits

"We see so many KiwiSaver members miss out on their member tax credits because they leave it too late to top up their KiwiSaver accounts.

30 June is an important date to remember if you want to ensure you get your annual member tax credit, and remember to allow plenty of time to ensure your payment is processed. The countdown to 2017 member tax credits has already begun."

Nicky BurnsNicky Burns

Philip is the Investments Leader and he has been with Mercer for 4 years. Philip is based in Auckland.

Philip’s Tip: Market volatility – don’t panic

"The “Brexit” vote in the UK showed that markets can react very quickly to an event in another country, with the market in New Zealand dropping -2.3% on the day. Then we saw markets recover globally and in New Zealand over the week following the event.

It is important not to panic and react just to market events without considering your personal circumstances. Unless these have changed, the best action may be not to do anything."

Check out our Investment Insights

Philip Houghton-BrownPhilip Houghton-Brown

Glenys is the Education Manager and a financial adviser, based in Wanaka. Glenys has been with Mercer for 15 years.

Glenys’s Tip: Getting sound advice

"Many New Zealanders don’t seek help from an appropriately authorised financial adviser, but they are comfortable seeking help from friends or family – who may not be qualified or experienced to give any financial advice. A simple conversation with a financial adviser should provide clarity and direction when it comes to your retirement goal setting, the markets and a suitable investment strategy."

Glenys WilsonGlenys Wilson

Tatiana is the Marketing and Communications Manager based in Auckland and has been with Mercer for 8 years.

Tatiana’s Tip: Providing your email address and selecting how we communicate with you

"We want to ensure that you get the best possible experience from your membership in the scheme. By updating your communication preferences from your online account, you’ll take control of how we communicate with you. There will always be important or legislatively required information, as well as news and tips on how to maximise your retirement savings. By telling how you’d like to receive these we’ll ensure you stay connected."

Sign into your account

Tatiana MesTatiana Mes

Year in Review

Find out what we’ve been doing to make a better tomorrow, today.

Year in Review

Scheme Snapshot

  • 93,303

    members

  • $14,707

    average member balance

  • $393.62

    average member tax credit

  • $1.4 BILLION

    invested

  • 21%

    who made an active investment choice

  • 82%

    contributed during the year

Scheme Snapshot

Year In Review

  • OUR <br> BIRTHDAY

    OUR
    BIRTHDAY

    Mercer celebrated its 59th birthday in New Zealand this year and KiwiSaver
    is now in its 10th year. Here are some other significant events that happened during the year.
  • $1,000 <br> KICK-START

    $1,000
    KICK-START

    May 2015
    Government removes $1,000 kick-start contribution to new joiners.
  • LICENSED <br> MANAGER

    LICENSED
    MANAGER

    June 2015
    Mercer becomes
    a licensed manager
    under the Financial
    Markets Conduct Act.
  • MERCER <br>SUPER TRUST <br>KIWISAVER <br>SCHEME

    MERCER
    SUPER TRUST
    KIWISAVER
    SCHEME

    Mercer Super Trust KiwiSaver scheme members join the Mercer KiwiSaver scheme.
  • MERCER <br> PROTECT

    MERCER
    PROTECT

    October 2015
    Mercer Protect was launched, the new insurance benefits package.
  • SMART <br>STEPS <br>LAUNCHED

    SMART
    STEPS
    LAUNCHED

    FEBRUARY 2016
    Smart Steps to retirement successfully launched to help customers maximise their membership in the scheme as soon as they join.
  • REMINDER <br>TO MAXIMISE <br>MEMBER TAX CREDITS

    REMINDER
    TO MAXIMISE
    MEMBER TAX CREDITS

    APRIL 2016
    Each year we remind our members to maximise their government contributions.
  • WE <br>WON <br>AWARDS

    WE
    WON
    AWARDS

    LOCALLY

    • SuperRatings Platinum Rating 2015

    • Workplace Savings Communications Award 2015

    • WriteMark New Zealand Plain English Award 2015



    GLOBALLY

    • Money Magazine’s Best of the Best 2015

    • Innovation Award at the Pensions Age Awards 2016

    • Financial News names Mercer “Investment Consultancy of the Last 20 Years” 2016

Membership

All of the membership and other information in this section is shown as at 31 March 2016.
The total amount of members’ accumulation, at the start of the year, relating to 94,671 members was $1,082,943,437.
The total amount of members’ accumulation, at the end of the year, relating to 99,303 members was $1,397,937,118.
Number of contributing members at the start of the year was 57,241 and at the end of the year 58,585.
Number of non-contributing members at the start of the year was 37,430 and at the end of the year 40,718.

  • Membership Details

    NUMBER OF MEMBERS AT THE START OF THE YEAR 94,671
    PLUS
    New Members 7,966
    New Members transferring from other KiwiSaver schemes 6,679
    New Members transferring from other registered superannuation schemes 51
    New Members transferring in from Australian Superannuation schemes 15
    LESS
    Members transferring to other KiwiSaver schemes (8,765)
    Retirement (623)
    Death (106)
    Other exits (585)
    TOTAL MEMBERSHIP AT THE END OF THE YEAR 99,303
  • Withdrawals

      NUMBER OF MEMBERS TOTAL AMOUNT
    First home withdrawal 789 $15,245,811
    Death 106 $1,610,215
    Late opt outs/enrolments in error 416 $867,528
    Permanent emigration 88 $973,126
    Significant financial hardship 311 $1,152,416
    Serious illness 86 $1,070,633
    Retirement withdrawals 1,372 $18,403,229
    Transfers to other KiwiSaver schemes 8,765 $169,633,301
    Transfers to Australian superannuation schemes 6 $155,950
  • Contributions

    TYPE NUMBER OF MEMBERS TOTAL AMOUNT
    Member contributions 76,883 $119,872,291
    Member voluntary contributions 4,252 $11,312,432
    Employer contributions 76,653 $73,851,481
    Kick-start contributions 3,614 $3,609,960
    Member tax credits 68,868 $27,108,168
    Transfers from other Registered schemes 6,836 $245,238,906
    Transfers from Australian superannuations schemes 64 $2,132,202
Contributions

Performance

How has your investment option performed during the year to 31 March 2016?

Your Investment

X

You can find monthly investment returns, as well as daily historic unit prices for the investment options by signing into mercerkiwisaverscheme.co.nz

 

Mercer Funds Sustainable Investment Policy

To find out where each of the investment options invests please visit https://www.business.govt.nz/disclose.

Performance

Performance

Whether you’re an aggressive investor with an appetite for risk, the type who likes to play it safe or somewhere in between, we’ve got an investment option for you. See how the options performed during the year.

The investment returns are shown after fund fees (excluding membership fees) and after tax at the Prescribed Investor Rate (PIR) indicated. It’s important to note that investment returns shown don’t tell you how the investment options will perform in the future and that past performance is not a reliable indicator of future performance. Your individual returns within an investment portfolio will depend on timing of contribution payments and actual fees charged, allowing for any fee rebates. The returns shown are therefore indicative of investment results but may differ from the actual after fees and tax returns achieved by you.

Your Investment

X

You can find monthly investment returns, as well as daily historic unit prices for the investment options by signing into mercerkiwisaverscheme.co.nz

MERCER CASH

MERCER KIWISAVER CONSERVATIVE

MERCER BALANCED

MERCER HIGH GROWTH

MERCER SHARES

MERCER GROWTH

MERCER MODERATE

Performance

Unit Prices

TYPE AT 1 APRIL 2015* AT 31 MARCH 2016*
  28% PIR 17.5% PIR 10.5% PIR 28% PIR 17.5% PIR 10.5% PIR
Mercer Shares 0.998937 0.997890 1.001882 1.036204 1.033424 1.039188
Mercer High Growth 1.152833 1.194885 1.535041 1.197921 1.241150 1.593093
Mercer Growth 1.000212 1.000508 1.007661 1.032667 1.035883 1.042204
Mercer Balanced 1.239657 1.279793 1.446225 1.283322 1.328026 1.502424
Mercer Moderate 1.003398 1.000666 1.004037 1.036137 1.037791 1.043297
Mercer Conservative 1.362126 1.403146 1.343248 1.410902 1.458956 1.400071
Mercer Cash 1.244265 1.281033 1.166094 1.272619 1.317573 1.199144

*Opening price as at 1 April 2015, is the closing price on 31 March 2015.

How Contributions Work

Contributions are what helps you grow your retirement savings, these can come from you, your employer and from the Government.

  • You can choose to contribute 3%, 4% or 8% from your before-tax salary or wages.
  • You can also make voluntary additional contributions directly to your Mercer KiwiSaver scheme from your online banking. This is great if you are self-employed or are on a contributions holiday and want to maximise your member tax credits. This is also an option for children in the scheme.
  • Employers must contribute a minimum of 3% of your before-tax salary or wages, but may also contribute at other rates. An employer needs to contribute only when you are contributing from your pay.
  • The Government will contribute to your account through member tax credits, if you’re eligible.
How Contributions Work

Connect

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