We use the services of professional advisers to help run the scheme. Our advisers currently include:
The scheme secretary is Mercer (N.Z.) Limited (Mercer). The secretary provides secretarial services to the scheme.
Mercer is also the scheme’s administration manager. The administration manager takes care of the day-to-day running of the scheme, including maintaining records, paying benefits and liaising with the scheme’s advisers.
We invest the assets of the scheme in Mercer Investment Trusts New Zealand (MITNZ). The trustee of MITNZ in turn uses the services of specialist investment managers to invest the assets of the scheme. These managers are listed below (updated 15 January 2020).
|Australasian equities||Devon Funds Management
Harbour Asset Management
|International equities (50% hedged)||Arrowstreet (core)
Baillie Gifford & Co (core)
LSV Asset Management (core)
Wellington Asset Management (core)
Acadian (low volatility)
Arrowstreet (small companies)
BlackRock Investment Management (emerging markets)
|International listed property (hedged)||Principal Global Investors|
|International listed infrastructure (hedged)||First State Global Asset Management
Magellan Asset Management
|International collateralised commodity futures (hedged)||Janus Henderson|
|International fund of hedge funds (hedged)||Mercer|
|International fixed interest (hedged)||Morgan Stanley
|Global absolute return bonds||Aviva
H20 Asset Management
Payden & Rygel
T Rowe Price
|New Zealand cash and cash equivalents||AMP Capital Investors|
Russell Investment Group advises on strategic asset allocation and strategic tilting.
Chant West advises on the performance of multi-managers.
Deloitte states an independent opinion on the financial statements presented by us and reports this opinion to members.
DLA Piper advises on legal issues affecting the scheme.
Metzger Communications looks after member communications, including this public website.