Mercer selling super admin business to Apex
Mercer’s long-time role as a leading superannuation administrator in Australia appears to be at an end with the company having entered into an agreement to sell its administration business in Australia to Apex Group.
Apex has announced the transaction noting that it is subject to approval by the Australian Competition and Consumer Commission and the Foreign Investment Review Board (FIRB).
According to the announcement, Apex Group will execute a lift-out arrangement to onboard Mercer’s standalone superannuation administration operations, enabling Apex to integrate Mercer’s administration and operational teams into its business to enhance service delivery and continuity for clients.
You're clearly an AIOFP member and most likely licensed by Interprac, The AIOFP record in this area is abhorent.
So now S & FG are the fault of the AIOFP ? Dixons was AIOFP fault too ?
So now S & FG are the fault of the AIOFP ?
I really hope this doesnt end badly and bring a stink to the industry. This mob do not have a…
You know its just going to be a conduit for the investments they can't get on other platforms