The Super Steps glide path will change from 1 April 2026. Under the new structure, Super Steps members will be invested at 80% in growth assets for longer (an extra 5 years to age 50), reducing to 40% in growth assets at age 64 (previously this reduced to 20%). This graphic explains the changes.

As the default investment option, Super Steps needs to strike a balance between risk and return – not too conservative and not too aggressive. With New Zealanders living and working longer, we feel the current settings are too conservative. 

If you are invested in Super Steps, we will be in touch shortly to explain what the change means for you. You don’t need to do anything if you’re happy with the new structure. If you are not sure, we suggest you talk to someone from Mercer’s financial advice team. They can recommend an investment strategy based on your individual circumstances. We especially encourage older Super Steps members, who will see their investment mix shift significantly towards growth assets, to seek advice and make sure they are comfortable with the changes. Complete this form to arrange a call back from Mercer.

Remember, you can change your investment strategy at any time if you no longer wish to be invested in Super Steps. Sign in to your account online or complete this form. 

• Read more about the changes to Super Steps