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Showing 21 - 30 of 1214 results for "Mercer"

Australian Retirement Trust selects chief executive

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
... assuming the top job in March 2024. David Anderson will take over as chief executive of ART next year, following 25 years at Mercer both in Australia and abroad. His appointment follows Reilly's recent decision to retire from the fund in the new ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... offer higher expected returns on members' money. About 15,000 group members, who were with BT Super are now part of Mercer, will still receive a distribution of the settlement. The number of remaining group members, who are potentially eligible to ...

Mercer Super investment chief departs

ELIZABETH FRY  |  FRIDAY, 8 DEC 2023
Top Mercer executive Corrin Collocott has quit the firm after just nine months to join an insurer. His sudden departure has left many scratching their heads since Insurance Australia Group has just $12 billion of assets under management. The investment ...

Fidelity retirement specialist exits

ELIZABETH FRY  |  FRIDAY, 8 DEC 2023
... business at Investment Solutions, a product manager and investment consultant at J.P. Morgan and an investment consultant at Mercer.

Vanguard sells outsourced CIO arm to Mercer

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2023
Mercer has acquired Vanguard's outsourced chief investment officer (OCIO) function, taking on board its 120-strong team. The business, which provides investment management services to not-for-profits and other institutional investors in the US, grows ...

Superhero Super swallows Smartsave, overhauls offerings

KARREN VERGARA  |  TUESDAY, 5 DEC 2023
... options. The new investment option menu, which includes the Moderate, Growth, High Growth, and Cash options, are managed by Mercer. All existing members continue to pay an administration fee of $1 per week plus an asset-based administration fee of 0.49% ...

Former Schroders executive enters VC space

ELIZABETH FRY  |  FRIDAY, 1 DEC 2023
... strategy, product and distribution at Schroders Australia. He joined Schroders in 2016 following an 18 year career with Mercer. The long serving investment and retirement expert was regarded as one of Mercer's key executives dealing with the Australian ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... ASIC's second decision pertaining to fees for no service within a week, following the $12 million penalty imposed on Mercer Financial Advice for inappropriately charging fees to customers. Mercer admitted that, between July 2016 and June 2019, it ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
Mercer Financial Advice will pay $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... business units. This year, it divested BT's personal and corporate superannuation funds and Advance Asset Management to Mercer Australia. Assets for "packaged funds" decreased by $38.9 billion compared to 2022, primarily driven by $38.5 billion related ...