• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / Mercer ‘shock’ correction

Mercer ‘shock’ correction

March 22, 2016

A Plan for Life study – reported on Investment News NZ (IN NZ) this week – showing a dramatic plunge in Mercer NZ retail funds under management in the December 2015 quarter was incorrect due to faulty input data.

According to a Mercer spokesperson, the group’s NZ funds under management actually grew above 3 per cent during the final quarter of 2015 rather than the -8.7 per cent decline reported in the Plan for Life survey.

“The error was in the September FUM figure, which should’ve been $4,149 million not $4,658 million, which means an increase of $128 million or 3.09 per cent for the December 15 quarter,” the Mercer spokesperson said.

Mercer picked up the mistake – based on data it originally supplied to Plan for Life – after publication of the IN NZ story.

IN NZ subsequently published a revised version of the Plan for Life article.

 

Print Friendly, PDF & Email
Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • Buyer interest tipped for AMP Capital listed funds; Nikko Australian sale leaves NZ untouched March 7, 2021
  • Mixed doubles: MSCI and Microsoft partner for investment service game March 7, 2021
  • Licensing splurge adds 400 in last dash for FSLAA March 7, 2021
  • Vanguard wakes up to bond benchmark ESG exclusion error March 7, 2021
  • Bloomberg opens new chapter on female influence in Australasian asset management March 7, 2021
  • NZ Super goes up the alternatives spectrum, cuts Israeli banks, dampens return expectations, changes guard March 7, 2021
  • Metrics cooks up credit PIE for NZ wholesale market March 7, 2021
  • Harbour takes beta fund full passive; Dimensional cuts fees again, wins over ETF fans March 7, 2021
  • Salt economist warns on inflation shake-out March 7, 2021
Finished reading? Why not subscribe? To receive a weekly email enter your email address here.

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Investment News

  • Buyer interest tipped for AMP Capital listed funds; Nikko Australian sale leaves NZ untouched March 7, 2021
  • Mixed doubles: MSCI and Microsoft partner for investment service game March 7, 2021
  • Licensing splurge adds 400 in last dash for FSLAA March 7, 2021
  • Vanguard wakes up to bond benchmark ESG exclusion error March 7, 2021
  • Bloomberg opens new chapter on female influence in Australasian asset management March 7, 2021
  • NZ Super goes up the alternatives spectrum, cuts Israeli banks, dampens return expectations, changes guard March 7, 2021
  • Metrics cooks up credit PIE for NZ wholesale market March 7, 2021
  • Harbour takes beta fund full passive; Dimensional cuts fees again, wins over ETF fans March 7, 2021
  • Salt economist warns on inflation shake-out March 7, 2021
  • KiwiSaver soars close to $80bn in December quarter, boutiques fly high March 7, 2021

Search by Keyword

Most Recent Investment News

Buyer interest tipped for AMP Capital listed funds; Nikko Australian sale leaves NZ untouched

March 7, 2021

Mixed doubles: MSCI and Microsoft partner for investment service game

March 7, 2021

Licensing splurge adds 400 in last dash for FSLAA

March 7, 2021

Vanguard wakes up to bond benchmark ESG exclusion error

March 7, 2021

Bloomberg opens new chapter on female influence in Australasian asset management

March 7, 2021

Investment News Archive

Most Popular Articles

  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Kitset KiwiSaver scheme set to unwrap in spring posted on April 27, 2020
  • NZ Funds directors back on board posted on April 24, 2016
  • Funds eye bargains, self-shoppers hoard cash, KiwiSavers turn conservative posted on March 15, 2020

Sponosored Content

David-Boyle

Jumping lessons: what all investors can learn from GameStop loss

What do ‘Kiwi’ experts see for 2021?

David-Boyle

On the industry play-list: four chart-topping regulations for 2021

David-Boyle

Charge of the lite (advice) brigade

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • Buyer interest tipped for AMP Capital listed funds; Nikko Australian sale leaves NZ untouched March 7, 2021
  • Mixed doubles: MSCI and Microsoft partner for investment service game March 7, 2021
  • Licensing splurge adds 400 in last dash for FSLAA March 7, 2021
  • Vanguard wakes up to bond benchmark ESG exclusion error March 7, 2021
  • Bloomberg opens new chapter on female influence in Australasian asset management March 7, 2021
  • NZ Super goes up the alternatives spectrum, cuts Israeli banks, dampens return expectations, changes guard March 7, 2021
  • Metrics cooks up credit PIE for NZ wholesale market March 7, 2021
  • Harbour takes beta fund full passive; Dimensional cuts fees again, wins over ETF fans March 7, 2021
  • Salt economist warns on inflation shake-out March 7, 2021
  • KiwiSaver soars close to $80bn in December quarter, boutiques fly high March 7, 2021

Footer

Copyright ©2020 InvestmentNews.co.nz — All Rights Reserved ·— Terms & Conditions