POWERED BY MOMENTUM MEDIA
(May-2004) Mercer strikes it lucky with four wins in SA
MercerSuper Trust has consolidated its presence in the South Australian corporate superannuation arena, confirming its appointment by four prominent Adelaide companies to provide master trust services.
The four companies to have selected Mercer are BAE Systems, Hardy Wine Company, Adelaide Bank and Penrise Soda Products, all of which conducted tender processes in the second half of last year.
According to Mercer, the four companies bring with them more than 3700 members and assets in excess of $173 million.
The head of Mercer’s Adelaide office, Gary Williams, says the four companies can now be added to a number of other significant South Australian firms to have chosen Mercer including Santos, Yalumba Wines, Orlando Wyndham Group and CYC Helicopters.
“These are substantial wins for Mercer in Adelaide and these companies are an integral part of the Adelaide business community,” Williams says. “We are pleased they regard Mercer as the provider of choice.”
Williams says Mercer has been working closely with the four companies to mange the transition including the provision of seminars and education programs aimed at ensuring information about the transition is understood.
AUTHOR
Mike Taylor
Recommended for you
With the latest print of GDP figures overshooting economist expectations, analysts have warned that the Reserve Bank of Australia (RBA) could face a difficult policy path ahead.
The peak body has called on the corporate watchdog to add superannuation to its recently announced simplification process that aims to cull red tape in financial services.
APRA has highlighted cyber security, AI oversight, geopolitical risks, and system stress testing as key concerns for superannuation and banks.
AustralianSuper CEO Paul Schroder has warned the superannuation system must be “reset” to deal with a looming wave of retirements, as millions of Australians prepare to leave the workforce over the next decade.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
