Mercer Australia is understood to be one of the final parties vying for Westpac’s BT Super business as the auction inches towards the finishing line.
Superannuation consultant and investor Mercer Australia is understood to be vying for the keys to Westpac BT Super, which is the next asset to fall as part of the bank’s extensive spring cleaning program.
Mercer’s understood to be up against some big names from Australia’s retail super industry, including AMP and the acquisitive Insignia . Superannuation sources are watching BT Super’s sale with interest for two reasons: how the deal is structured and what impact it has on pricing in the sector. Successor fund transfers are also an industry quirk where merging funds can’t typically pay each other a sale price.
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