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Niko Kloeten
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Mercer manages conflict of interest risk

Tuesday 12th of March 2013

Mercer was recently appointed as the research partner for AMP Financial Services (replacing van Eyk) and Lewington said Mercer was keen to provide its research tools to other businesses in the advisory space.

“In New Zealand we’re very keen to move more into the wealth management space doing similar sorts of things to what we are doing with AMP,” he said.

“What AMP has done is a very smart way of introducing some strong governance using really good tools that will give advisers, the customers and AMP the confidence that there’s good investment discipline.”

But he said Mercer’s focus would likely be on the big firms as its offering probably wouldn’t suit small advice businesses.

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