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| Dear Employer, |
| Welcome to the latest update for employers
from the Dairy Industry Superannuation
Scheme (the Scheme). This update will
provide some additional information to assist
with any queries you may be getting from
your employees. You can also view the
March DairySuper newsletter that was sent to
members here. |
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| If you have any feedback or suggestions on
what you would like to see in this bi-annual
update, please do not hesitate to reach out to
me or any of the directors. You can find out
more about the directors of the Scheme here. |
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Tim McGuinness (Chair) and the
Trustee Board. |
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| Annual report |
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| The annual report to members will be sent out towards
the end of June. A copy will also be sent to employers
for their information, once it becomes available. Each
individual member will receive a personalised report that
includes their Scheme details, balances and retirement
projections. These projections are based on standard
assumptions and are intended to provide members with
a better understanding of what their retirement might
look like. The report aims to encourage members to
consider their desired goals and outcomes. |
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| Goal setting made easy with sorted.org.nz |
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| Goal setting is a powerful practice that can help members achieve their desired
outcomes and lead a more fulfilling life. It involves planning for the future and
identifying specific objectives that they want to accomplish. By setting clear and
meaningful goals, members can increase their motivation, focus, and
self‑confidence. |
| To support members with financial goal setting, sorted.org.nz offers a range of
helpful tools and resources. These include budgeting tools to manage finances
effectively, goal planning resources to map out their aspirations, various calculators
to assist with financial planning, and even a risk quiz to understand each member’s
investor profile. |
| By utilising these tools, members can gain valuable insights and guidance to make
informed decisions. Whether that is to save for a dream vacation, pay off debt, or
plan for retirement, sorted.org.nz provides the necessary resources to help members
stay on track and make progress towards their goals. |
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| Investment updates to members |
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| Did you know that the Scheme’s members can read investment and market updates
online in newsletters and annual reports? |
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| Term of the month |
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Dovish: A dovish monetary policy means policymakers
(like the US Federal Reserve) favour measures to
stimulate economic growth, like lowering interest rates or
implementing accommodative policies. |
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| Investment performance |
| The table below shows how the Scheme’s investment options have performed over
the year ending 31 March 2024 and since investment choice was made available to
members in 2003. Returns are determined monthly and take into account the effect
of compound interest. |
| Returns for each investment option after tax, fees and expenses. |
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| The latest credited interest rates are also published on the website. |
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| Director changes |
| On behalf of the Trustee directors, I would like to thank Dave
Scott for his significant contributions to the Scheme during
his tenure of 21 years, as he has retired as of 31 May 2024.
We would also like to announce that Rochelle Price, who
previously worked for Fonterra, will be rejoining the Board as
an independent director on 1June 2024. |
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| Features of the Scheme website |
| This guide breaks down the key features of the Scheme website, including: |
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Dashboard: When members log in, they will arrive at the dashboard which displays all the important sections of the website. |
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Account balance: Each member's account balance is displayed on the
dashboard. Detailed information, including an estimate of projected future
account balances, can be accessed by clicking the menu icon (top right)
and selecting 'Account Balance'. |
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Account activity: Members can view a detailed breakdown of all account
activity, including contributions from members and employers, as well as
insurance premium payments. |
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Investments: This section displays members' current investments, the
investment option(s) they have chosen (Cash, Conservative, Balanced,
and Growth) and the current value. Members can modify their investment
options by selecting 'Edit' and allocating a percentage of funds to each
option (the total must be 100%). |
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Insurance: On the dashboard, members can see details of their current
insurance cover (if applicable). |
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Personal details: Members can view and update their saved personal
information by clicking the avatar in the top right corner. They can also
manage communication preferences by selecting 'view/update' in
this section. |
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How to contact us: By selecting ‘Contact Us’, members can access
contact details for the Scheme (phone numbers, email address and postal
address) or they can complete a contact form. |
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Documents: Members can select the menu icon, then select ‘Documents’
to easily link to the Scheme’s documents repository. |
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| Don’t get hooked: Watch out
for common online scams |
| Do you know the difference between spear phishing,
whaling, smishing, pharming? |
| Phishing is a common method used to steal someone’s
identity. Scammers pretend to be from reputable
organisations and contact individuals through phone
calls, emails or text messages. They aim to trick people
into providing their usernames, passwords, financial
account information or credit card details. Phishing
emails often include links to fake websites that resemble
legitimate organisations, as well as attachments or links
infected with viruses or malware. Phone scammers may
also request login details under the guise of addressing
urgent issues with financial accounts. |
| It is important to be cautious and avoid falling victim to
these scams. To learn more about keeping yourself safe
online, visit the links via the buttons below. |
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| Please distribute this newsletter to other relevant team members within your
company. If you have any feedback, suggestions or would like others to receive this
newsletter in the future, please contact the Scheme’s secretary. |
| Derek Vincent - Scheme Secretary |
(04) 819 2600
derek.vincent@mercer.com |
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| This email has been prepared by Mercer (N.Z.) Limited on behalf of the Trustee of the Dairy Industry Superannuation Scheme. The
information in this document is intended for general guidance only and is not personalised to you. It does not take into account particular
financial situation or goals of an individual. It is not financial advice or a recommendation. We recommend that you and your employees
read the Member Information Booklet and Product Disclosure Statement and take financial advice from an appropriately qualified financial
adviser before making any investment decisions. In addition, past performance cannot be relied upon as a guide to future performance. |
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