Australian superannuation

Retirement

Mercer launches game changer for annuity market

Mercer is applying for a global patent for a group self-annuitisation product that already has three major super funds signed up for launch in 2015. At a fee of 40bps the product is intended to provide better value for money than lifetime annuities where investment gains above the amount needed to meet guaranteed payments are […]
Investment Strategy

NAB Asset Services gets HIP

National Australia Bank (NAB) Asset Services has won a custody mandate to provide administrative services for the $630-million Health Industry Plan (HIP), supplanting the incumbent provider BNP Paribas. Australia’s largest custodian bank with about $508 billion in assets under custody, NAB secured the deal after a competitive tendering process run by the fund’s consultants Jana. […]