There’s a new kid on the superannuation block with Mercer and Kogan.com announcing this morning that they will together launch a new “no frills, ultra-low fee” super fund, Kogan Super.
In an announcement to the ASX, the two companies said the new company would leverage the ecommerce site’s digital efficiency to be one of the cheapest options in the market.
“In an industry where scale and cost efficiencies count, this new alliance will enable Kogan to create value at scale through their trusted online brand and huge customer base,” Mercer chief executive, Ben Walsh, said.
Under Mercer and Kogan.com’s agreement, the former would provide investment management, administration and customer service for the fund while the latter would manage branding and marketing services.
The launch date was slated for early 2019, with further details to be released closer to that time.
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.
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