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Media Super retains Mercer for administration
Mercer has retained a key superannuation administration mandate – that of industry fund, Media Super.
Media Super is understood to have opted to continue with Mercer as its administrator following a review of its requirements and a receipt of expressions of interest.
It is understood the renewed mandate has been extended to include the Mercer Multi-Manager Funds within Media Super’s International Share investments, valued at $1.25 billion.
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The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
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