OneVue has won a key mandate from Mercer, being appointed to provide direct investing capabilities to Mercer’s clients and superannuation members.
Announcing OneVue’s appointment today, Mercer said its Mercer Direct investment service allowed superannuation members to take more control over their superannuation investment strategy by allowing them to invest a portion of their funds into direct assets – including direct shares, term deposits and access to a cash hub.
It said the new arrangement with OneVue would allow Mercer to enhance its current direct investment offering through OneVue’s online platform and administration capabilities and would transition in the first quarter 2019.
Commenting on the arrangement, OneVue executive general manager, Platform Services, Lisa McCallum said it was clear superannuation members were looking for greater control over and transparency in their investments.
“This partnership affirms OneVue’s strategy over the past year and our commitment to driving up superannuation outcomes and engagement across the board,” she said.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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