Holden Employees Superannuation Fund to transfer into Mercer Super Trust
Australia, May 25, 2023 – Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being today announced that an agreement had been signed with the Trustee of Holden Employees Superannuation Fund (HESF) to transition HESF into the Mercer Super Trust via a successor fund transfer.
The announcement follows the recent news of BT Super and Lutheran Super merging into the Mercer Super Trust.
Tim Barber, CEO of Mercer Super, said the fund looked forward to supporting HESF members with their retirement outcomes.
“We’re very proud of the partnership we’ve built with HESF over many years, and look forward to welcoming HESF members to Mercer Super in the coming weeks,” Mr Barber said.
“Mercer Super is on a growth trajectory, and our intention is to keep growing and investing in Mercer Super for the benefit of our members. Scale provides natural flow-on effects for members, with the identifiable benefit being competitive fees. But there are broader, less tangible benefits that are equally important, such as enhanced education, engagement, expanded choice and an improved member experience, all of which add value to members.”
“We have an ongoing commitment to improving our capability and capacity to help even more Australians through their retirement journey,” he concluded.
The HESF successor fund transfer is expected to take place on or around 1 June 2023.
About Mercer
Mercer a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective.
For more information, visit https://www.mercer.com/en-au/. Follow Mercer on LinkedIn.