POWERED BY MOMENTUM MEDIA
Mercer Super completes $1.1b TAL SFT
Mercer has completed the $1.1 billion transition of all TAL Superannuation and Insurance Fund (TSIL) members to Mercer Super.
In an announcement, Mercer said the successor fund transfer (SFT) encompasses services across superannuation and investment consulting.
As at 1 June, 23,000 accumulation members of TSIF joined Mercer Super, with a further 15,000 risk only (retail insurance) members joining the existing accelerated protection division of Mercer Super.
Mercer Super head, Tim Barber, said: “Working closely with TAL, we’ve developed solutions to complex issues in order to deliver a simpler proposition for members. The vast majority of TAL members will have lower fees, and all will have access to a wider array of investment options.
“It’s an exciting time at Mercer Super as we invest further in improving the efficiency and competitiveness of our fund. We’ve already made significant changes by making adjustments to our products and fees.
“Our corporate superannuation division has been a significant part of Mercer Super and we continue to grow our proposition for our employer clients. We’re also investing in a number of initiatives outside of corporate superannuation to strengthen our presence, and we look forward to sharing our progress in due course.”
Recommended for you
Data from Chant West reinforced on Friday that super funds finished April in positive territory despite ‘Liberation Day’-driven market turmoil.
Australia’s superannuation leaders gathered in Melbourne on Thursday for a closed-door forum tackling the escalating impact of artificial intelligence and shifting retirement income models on the sector.
The Treasurer has shown no signs of wavering on the construction of the controversial tax, while Liberal senator Jane Hume has urged the new economics team to “speak sense” to Jim Chalmers.
Volatile markets driven by shifting US tariff policy failed to rattle Australia’s superannuation system in April, with balanced options inching upward.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
5
Plato Global Alpha A
28.83 3 y p.a(%)
