AvSuper has today announced the appointment of Mercer as the fund’s preferred administrator, following an extensive tender process.
CEO of AvSuper Michelle Wade said the fund’s partnership with Mercer would deliver even greater results for its highly-engaged membership base.
“As an industry fund for the aviation and aviation services industries, we have an in-depth knowledge of our 6,500-plus members, including the services and advice they need, as well as when they’ll need it,” Ms Wade said.
“Mercer has the flexibility, capability and capacity to deliver a bespoke solution based on our unique needs. We’re confident that our members will benefit significantly from our partnership with Mercer,” she said.
Mercer’s CEO Australia Ben Walsh said he was particularly pleased that the fund would be administered from Mercer Administration Services, based in Wollongong, complementing the business’ growth strategy in the region.
“It’s clear that we have a like-minded partner in AvSuper who recognises as much as we do the importance of supporting regional employment opportunities. We have real expertise in superannuation administration in Wollongong and are committed to creating jobs and investing in the Illawarra,” Mr Walsh said.
“AvSuper has a strong reputation for their robust understanding of the needs of their members. We’re looking forward to supporting their members by tailoring our administration offering to match their needs, and delivering greater retirement outcomes. And, we’re looking forward to leveraging our deep understanding of managing defined benefit schemes for the significant proportion of funds they have in defined benefit accounts.
“We’ve invested heavily in resources and innovations to ensure the funds we administer are being managed with market leading solutions and services. As a major superannuation provider in Australia and a leading retirement and investment consultant internationally, we have local expertise and scale to drive strong results for clients and members,” he said.
Mercer builds brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 75,000 colleagues and annualized revenue approaching $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com.au. Follow Mercer on Twitter or LinkedIn.
AvSuper is operated on a profit-for-members basis, offering outstanding service and low fees to members, a strong long term investment performance and advice from qualified financial planners with no commissions. The AvSuper Fund was originally established in 1990 to provide superannuation benefits to the aviation and aviation safety industries. AvSuper opened membership to the general public from 1 July 2005 and currently has more than 6,500 members and funds under management of nearly $2.6 billion. AvSuper offers accumulation accounts and income streams to members in many industries across Australia. To learn more about personalised superannuation, visit www.avsuper.com.au and follow AvSuper on Facebook and Twitter.