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Plans to suspend contributions to the New Zealand Superannuation Fund until 2021, announced in today’s Budget, are a short-term action and could bring long-term pain, according to consulting, outsourcing and investments firm, Mercer. Mercer’s New Zealand Business Leader, Martin Lewington, said, “While we recognise the Government is under significant budgetary strain, like many countries around […]

Members of the Mercer Super Trust KiwiSaver scheme can now choose to invest in the AMP Capital Responsible Investment Leaders Balanced Fund, with Mercer adding the RI investment option in response to growing demand. Martin Lewington, Head of Mercer in New Zealand said Mercer made the move to add the RI option to its investment […]

In the first significant KiwiSaver consolidation since the superannuation scheme began, IRIS and Gareth Morgan KiwiSaver have announced they are teaming up to provide the IRIS-GMK scheme. IRIS, the trade union associated KiwiSaver provider, announced today that it is consolidating with Gareth Morgan KiwiSaver to deliver union members and their families access to an established […]

Nearly half of private investors have now joined KiwiSaver with a further 22% intending to join in the next quarter, a survey from ING says. Well over half of private New Zealand investors will be KiwiSavers by June, according to results from the recent ING Investor Dashboard Sentiment survey. As of March, 49% of high […]