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.

Administration manager

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.

Investment management

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 27 May 2020).

Investment managers

Growth assets
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 Sentier Investors
Magellan Asset Management
International collateralised commodity futures (hedged) Janus Henderson
International fund of hedge funds (hedged) Mercer
Income assets
International fixed interest (hedged) Morgan Stanley
Wellington Management
Global absolute return bonds Aviva
H20 Asset Management
Payden & Rygel
T Rowe Price
New Zealand cash and cash equivalents AMP Capital Investors

Strategic consultant

Russell Investment Group advises on strategic asset allocation and strategic tilting.

Multi-manager consultant

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.

Communications adviser

Metzger Communications looks after member communications, including this public website.