Mercer appointed to manage New Plymouth District Council Perpetual Investment Fund

23 December 2016

The Guardians of the New Plymouth District Council Perpetual Investment Fund (PIF) are pleased to announce the appointment of Mercer (NZ) Limited (“Mercer”) as the Full Outsource Agent for the New Plymouth District Council’s (“NPDC”) Perpetual Investment Fund (“PIF”).

The appointment of Mercer followed a rigorous process over the past two months by the newly appointed Guardians who were assisted by consulting actuaries, Melville Jessup Weaver. The agreement with Mercer will begin on 1 March 2017.

The PIF Guardians are chaired by Mark Butcher.