Managing director Martin Lewington said the FMA had agreed to it transferring its Mercer Super Trust KiwiSaver scheme members into the Mercer KiwiSaver scheme.
“Combining our two KiwiSaver schemes ensures our KiwiSaver members have access to the best possible products and services in the market. Existing members of the Mercer Super Trust KiwiSaver scheme will also benefit from lower fees.”
The transfer is expected to be completed this month.
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