MLCand Mercer have emerged as among the fastest growing companies in the employer superannuation arena, according to the latest data provided by research house Dexx&r.
The Dexx&r research revealed that while AMP remained at the top of the employer superannuation table, MLC moved up from third to second while INGmoved up from fourth to third. The major loser was Mercer, which tumbled from second to fourth.
The data revealed that total funds under management in the Australian retail and wholesale markets increased by 13.72 per cent to $713.2 billion in the 12 months to December last year, with the total retail market increasing by 14.24 per cent to $436.97 billion.
It said the employer superannuation market segment had increased by 17.69 per cent to $67.2 billion, with the top 10 companies recording growth in excess of 20 per cent.
Looking at the wholesale market covering pooled superannuation trusts and wholesale trusts, Dexx&r said it increased by 12.98 per cent to $276.2 billion, with the strongest growth being enjoyed by AMP with a 25.75 per cent increase to $16.3 billion.
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