AUSTRALIA - Mercer Investment Consulting, has launched a superannuation fund assessment service to help financial planners evaluate all types of superannuation funds using a comprehensive range of criteria. Mercer >IS< Super, which details more than 100 superannuation products, allows financial planners to conduct a holistic assessment of a client's existing superannuation fund(s) and compare it with other funds against a number of factors, including investment, insurance, fees and services offered.
David Carruthers (pictured), a principal of Mercer Investment Consulting, said the service would help financial planners provide their clients with super switching advice.
He said: “Much commentary to date has concentrated on the relative merits of the average industry fund versus the average retail fund. This overlooks the fact that many employees will be choosing between two different industry funds, or indeed a corporate and an industry fund.”
The service allows financial planners to advise a superannuation investor who is considering leaving a non-public offer fund or is seeking to consolidate their superannuation.
It also rates the investment options of the funds based on the potential to outperform in the future.
Carruthers added: “Rather than basing our assessment on past performance, we use our extensive research and knowledge of the underlying managers used by the super funds to assess each investment option. Future investment performance is fundamental to determining the ultimate retirement savings of Australians, and financial planners (and their clients) will now have access to a service through which they can take advantage of Mercer Investment Consulting’s global expertise in investment manager research.”
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