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Showing 11 - 20 of 311 results for %22Mercer Super Trust%22

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
... the firm said. Both Collocott and Kerr arrived at Mercer in April as part of the merger of BT Super into the Mercer Super Trust and the acquisition of Advance Asset Management. On joining, Collocott oversaw the performance of Mercer Super's investment ...

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 ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Management. Superannuation assets decreased by $33.4 billion because of the successor fund transfer to the Mercer Super Trust. BT Panorama flows increased by 7% to $129.9 billion. Elsewhere, the bank has not quantified the liability for one of its lawsuits. ...

E-commerce giant retreats from super

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
... members. Kogan initially flagged its intention to enter the superannuation sector in late 2018, saying it had partnered with Mercer to develop a new "no frills, ultra-low fee" superannuation fund. The product launched just shy of a year later in August ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... month, citing higher operating costs and increased complexity due to regulatory changes. It had just 125 members. In May, Mercer confirmed it would take on the Holden Employees Superannuation Fund (HESF) after the latter flagged cost pressures associated ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... allegations against Mercer Super relate to seven 'Sustainable Plus' investment options offered by the Mercer Super Trust. ASIC notes that the Sustainable Plus options were marketed as being are suitable for members who "are deeply committed to ...