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Gold fish jumps to bigger bowl

BT Super sold to Mercer

By Mike Taylor26 May 2022

Westpac has announced that it has entered into a heads of agreement to shift its superannuation business to Mercer.

The company said it had entered into a heads of agreement with Mercer to merge, through a successor funds transfer, BTY’s personal and corporate superannuation funds with Mercer Super Trust.

It said that additional Westpac had entered into an agreement to sell its Advance Asset Management business to mercer.

Mike Taylor

Mike Taylor

Managing Editor/Publisher, Financial Newswire

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