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Mercer KiwiSaver Scheme
Mercer KiwiSaver Scheme is a KiwiSaver provider that runs 14 KiwiSaver funds, has 65,781 members, manages $2.8 billion, or 2.1% of the KiwiSaver market.
About Mercer KiwiSaver Scheme
Mercer has managed New Zealand retirement savings since the late 1950s and is part of global professional services firm Marsh McLennan. It was an original default KiwiSaver provider from 2007 until 2021, and now operates the Mercer KiwiSaver Scheme alongside workplace savings and non-KiwiSaver investment options. The scheme uses a multi-manager approach, appointing specialist external managers across different asset classes rather than running all investments in-house. Its current KiwiSaver range has seven funds from cash through to shares, with responsible-investment screens under a published Sustainable Investment Policy and RIAA certification across the non-Cash funds.
Key facts
- Ownership
- Global
- KiwiSaver scheme established
- 2007
- Investment approach
- Multi-manager
- KiwiSaver funds under management
- $2.8 billion (2.1% of the KiwiSaver market)
- Members
- 65,781
- Average member balance
- $42,867
- KiwiSaver funds offered
- 14
- Annual fee range
- 0.32% – 0.96%
Fund range by risk profile
- Defensive: 2 funds
- Conservative: 2 funds
- Balanced: 4 funds
- Growth: 2 funds
- Aggressive: 4 funds
How has Mercer KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the High Growth Fund, at +6.1% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Cash Fund | +2.2% |
| Conservative | Conservative Fund | +4.0% |
| Balanced | Balanced Fund | +8.3% |
| Growth | Growth Fund | +10.0% |
| Aggressive | High Growth Fund | +12.1% |
KiwiSaver funds offered by Mercer KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Cash Fund | Defensive | 0.32% | +2.2% | +2.4% |
| Cash Fund | Defensive | 0.43% | +2.1% | +2.3% |
| Conservative Fund | Conservative | 0.67% | +4.0% | +2.2% |
| Responsible Conservative Fund | Conservative | 0.49% | +3.8% | +2.2% |
| Balanced Fund | Balanced | 0.80% | +8.3% | +4.0% |
| Moderate Fund | Balanced | 0.73% | +6.0% | +3.0% |
| Responsible Balanced Fund | Balanced | 0.75% | +7.1% | +4.0% |
| Responsible Moderate Fund | Balanced | 0.66% | +5.2% | +3.0% |
| Growth Fund | Growth | 0.88% | +10.0% | +5.1% |
| Responsible Growth Fund | Growth | 0.84% | +8.6% | +5.1% |
| High Growth Fund | Aggressive | 0.94% | +12.1% | +6.1% |
| Responsible High Growth Fund | Aggressive | 0.89% | +10.1% | +5.9% |
| Responsible Shares Fund | Aggressive | 0.95% | +10.9% | +5.8% |
| Shares Fund | Aggressive | 0.96% | +13.1% | +6.5% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.