OneVue has won a key mandate from Mercer, being appointed to provide direct investing capabilities to Mercer’s clients and superannuation members.
Announcing OneVue’s appointment today, Mercer said its Mercer Direct investment service allowed superannuation members to take more control over their superannuation investment strategy by allowing them to invest a portion of their funds into direct assets – including direct shares, term deposits and access to a cash hub.
It said the new arrangement with OneVue would allow Mercer to enhance its current direct investment offering through OneVue’s online platform and administration capabilities and would transition in the first quarter 2019.
Commenting on the arrangement, OneVue executive general manager, Platform Services, Lisa McCallum said it was clear superannuation members were looking for greater control over and transparency in their investments.
“This partnership affirms OneVue’s strategy over the past year and our commitment to driving up superannuation outcomes and engagement across the board,” she said.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
Assistant Treasurer Stephen Jones has defended the government’s plan to modestly cut tax concessions for Australia’s wealthiest superannuation accounts, saying it is a “fairer outcome”.