Mercer KiwiSaver

Mercer is a New Zealand financial services company, which provides savings, investments and insurance products. 

Compare Mercer KiwiSaver

If you’re considering opening a KiwiSaver fund with Mercer, check out Canstar’s latest Star Ratings for its products.

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Types of Mercer KiwiSaver funds

Mercer offers you a choice of seven different investment portfolios for your KiwiSaver funds, ranging from conservative to high-growth, which combine differing amounts of ‘growth’ assets (such as shares and property) and ‘defensive’ assets (such as cash and bonds). Regardless of which portfolio you choose, you’ll get value for money; Mercer’s KiwiSaver scheme has been awarded a Platinum value rating for the past three years by research group SuperRatings. Its investment options are: 

Portfolio Name  Risk assessment  Asset allocation 
Mercer Shares  Very high  100% Growth (NZ and global shares) 
Mercer High Growth  High  90% Growth, 10% Defensive 
Mercer Growth  Medium to high  75% Growth, 10% Defensive 
Mercer Balanced  Medium  55% Growth, 45% Defensive 
Mercer Moderate  Low to medium  35% Growth, 65% Defensive 
Mercer Conservative  Low  20% Growth, 80% Defensive 
Mercer Cash  Very low risk  100% Defensive (Cash assets) 

Eligibility to open a Mercer KiwiSaver account

You are eligible to join the KiwiSaver scheme if you are: 

  • Younger than the qualifying age for New Zealand superannuation (currently age 65) 
  • Over the age of 18 
  • Living or normally living in New Zealand 
  • A New Zealand citizen, or entitled to live in New Zealand indefinitely 

How to open a Mercer KiwiSaver account

If you’d like to open a new Mercer KiwiSaver account, there are several ways to apply. You can apply online on the Mercer website; call Mercer on 0508 MERCER (0508 637 237) Monday to Friday; or download the application form on the back of the PDS and mail it back. When applying online, you will need: 

  • A valid NZ Drivers licence 
  • IRD number 

Mercer FAQs

Yes, you can log in to your Mercer account using the link on the Mercer website, where you can manage your investment portfolio, monitor your balance, invest money or apply for a withdrawal. 

Your money is invested using the investment portfolios outlined above – you can select up to seven different portfolios to invest your money in, allocating a certain percentage to each.  

Since KiwiSaver is an initiative of the New Zealand Government, your funds are held by the New Zealand Guardian Trust Company (a government-owned company) on your behalf. Mercer functions as the administration manager and investment advisor for your KiwiSaver fund. 

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You can transfer all of your existing KiwiSaver balance into your new Mercer account. Once you open a Mercer KiwiSaver account, Mercer will automatically transfer your balance from your old provider to your new account. Your old scheme provider may charge you a transfer fee – contact your previous provider for further information. 

The main purpose of the KiwiSaver scheme is to save for retirement, so you are able to withdraw money once you reach the KiwiSaver retirement age of 65 years. There are also several circumstances when you can withdraw money earlier, which are: 

  • Buying your first home 
  • Permanently moving to another country; 
  • Experiencing or being likely to experience significant financial hardship 
  • Having a serious illness or injury 

Mercer has been looking after the investments and retirement savings of New Zealanders for over 55 years. The company manages over AUD$20 billion in funds, and is constantly on the lookout for the best investment strategies. Mercer employs more than 100 staff to track over 5,400 fund managers and more than 26,000 investment strategies worldwide, in an effort to pick the best possible investment options with which to construct its own products. 

Mercer provides complimentary financial advice to KiwiSaver customers, along with SaverProtect insurance, which provides KiwiSaver contributions of up to $200 per month if you are unable to work due to illness, injury or redundancy. 

Mercer Kiwisaver

Canstar Research
Rating:
Award: 4 Star Rating Kiwisaver

Kiwisaver Fund $50k Balanced

Mercer Kiwisaver Scheme - Mercer Moderate Fund

View the 2017 KiwiSaver Star Ratings Report

Written by: Sam Bloom | Last updated: April 18, 2018

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