Mercer has emerged as the buyer of Pillar Administration.
Super Review understands that the transaction has been confirmed in an internal communication to Mercer personnel this morning.
The transaction is likely to see a combining of the two companies' administration resources.
The transaction has proceeded ahead of the Australian Competition and Consumer Commission making a final decision on the eligibility of Link Market Services to bid for Pillar.
A condition of the NSW Government's sale of Pillar will see it remaining in Wollongong.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
Add new comment