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The review found that Mercer was most aligned to support NGS Super’s strategic objectives, with its technology and service platforms useful for delivering administration and engagement solutions to members.
Mercer managing director and chief executive, Ben Walsh, said that the super fund’s recommitment was “a fantastic endorsement” of Mercer’s people, processes and technology.
“We’re thrilled to continue to help NGS Super on their journey of moving to a future model,” he said.
“Having had the privilege to work in partnership with NGS Super for more than 30 years, nine years of which as their administration partner, we are passionate in helping NGS Super to deliver excellent member retention, engagement and satisfaction.”
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.