POWERED BY MOMENTUM MEDIA
NGS Super recommits to Mercer
Hot on the heels of reappointing Frontier Advisors as its asset consultant, NGS Super has recommitted to Mercer as its administrator, following a review of the fund’s administration needs by KPMG.
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.”
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
