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.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.