Mercer adds KiwiSaver option

Mercer says it has added a responsible investment option for KiwiSaver members.

Martin Lewington, head of Mercer in New Zealand, said the move was made after a survey of its members late in 2008 which revealed 81 per cent considered it important to have such an option.

As a result, members of the Mercer Super Trust KiwiSaver scheme can now choose to invest in the AMP Capital Responsible Investment Leaders Balanced Fund.

The fund would invest in funds or through investment managers who could demonstrate they had a system for taking responsible investment into account, Mercer said.

It would also exclude investments in companies with significant involvement in the product or manufacture of activities with a high negative social impact.

- NZPA