A Mercer survey on more than performance

” The
consultant is now steadily performing manager reviews and building a database,
which it will update upon subsequent visits to each manager. The minimum
frequency of visits is every two years, David says, but Sentinel will be in
touch more often if problems have been identified through the flags set up for
these reviews such as a major operational change or outsourcing arrangement –
which some managers have done since the last Sentinel review. “Our feedback
from most managers is that they find the process really helpful and comments
constructive,” Scapino says.

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UniSuper halves pension admin fee for 42,000 members

The $170 billion fund has cut administration fees from 0.16 per cent to 0.08 per cent, following a platform migration completed in 2022 and a pension book that has roughly doubled in five years. Head of retirement income Darren Williams says that for now the fee is as low as it can go.

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