Update to Administration Fees

04/04/2014
Provided by Mercer.

As disclosed in the Investment Statement dated 14 September 2012, Administration fees are reviewed annually and are indexed by the annual increase, if any, in the National Average Weekly Earnings Index as published by Statistics New Zealand.

The fees are quoted in the Investment Statement dated 14 September 2012 have now been adjusted from 1 January 2014 as follows:

Payable from your Member Account
Per member fee:$3.36
Exit fee:$41.22
Partial withdrawal fee:$41.22
First Home withdrawal fee:$100.00
Written benefit quotation fee:$41.22
International transfer fee:$100.00

Payable from the Scheme General Reserve Account
Monthly fee:$1,487.52
Website maintenance fee:$2,391.23
Calculation of monthly interim crediting rates:$1,655.47

This information has been prepared by Mercer (N.Z.) Limited for general information only. The information does not take into account your personal objectives, financial situation or needs. Therefore, you should not act on this information if you have not considered the appropriateness of this information to your personal objectives, financial situation and needs. You should consult a financial adviser before making any investment decision.
 

This website is provided by Mercer (N.Z) Limited, as the Manager of the New Zealand Defence Force KiwiSaver Scheme, the New Zealand Defence Force FlexiSaver Scheme and the Defence Force Superannuation Scheme (the Schemes).