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Showing 1 - 10 of 279 results for %22Mercer Superannuation Trust%22

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... best option is to close QMV Legal." Novigi delivers data and technology services to financial services companies including Mercer, Link, and Vanguard Super. QMV Solutions is a complementary business that will deepen its ties to the superannuation, wealth ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... expected to shrink, and up to 12 mega-funds are expected to emerge in the coming years. A similar prediction was made by Mercer in its recent Shaping Super report. "These funds will increase their foreign investments due to their size and the relative ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... Then onto greenwashing, which she said remains a key focus for ASIC in 2024, Court said With proceedings underway against Mercer Super and Active Super, trustees will be aware that we will use every lever legislation affords us to eliminate this practice ...

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 ...

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
... 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 ...

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 ...
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