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.
ASIC has issued a warning to financial advisers and superannuation trustees to ensure they are complying with client consent requirements when entering into ongoing fee arrangements.
Australia’s superannuation system is exerting increasing influence over capital markets, with industry feedback to ASIC underscoring its role in reshaping investment flows, governance expectations, and market dynamics.
Australians are some of the most hopeful when it comes to retirement preparedness, with super funds’ handling of retirement savings helping play a part.
The market may be too complacent about the risks of more tariffs, UniSuper’s head of fixed interest warned this week, pointing to Donald Trump’s recent steel-related announcement and a seeming breakdown in negotiations with China.