Two more superannuation funds being administered by Mercer have adopted the digital advice solutions option provided by Decimal Software.
Mercer and Decimal announced to the Australian Securities Exchange (ASX) that GuildSuper and Child Care Super had opted for the advice solution.
The announcement said that as part of the Mercer Next-Generation platform, both funds would have access to Mercer’s digital solution.
Confirming the arrangement, Mercer chief customer officer, Campbell Holt said the Decimal solution was being offered as standard to superannuation administration clients on Mercer’s next-generation digital platform.
Mercer has used Decimal technology for phone advice since 2013 and more recently implemented Decimal’s Eqilize digital advice solution.
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.