Mercer appointed by IOOF for consultancy
IOOF is leveraging Mercer’s market insights and asset allocation systemisation thanks to a new collaboration venture that has seen the consultancy appointed as the asset consultant for IOOF Investments.
IOOF chief investment officer, Don Farmer said the partnership fitted well with IOOF’s planned strategic agenda.
“Mercer has a solid fit to our existing investment methodologies and provides another layer of competitive advantage to our robust multi-manager investment approach,” he said.
“The appointment allows our highly experienced portfolio managers to leverage the strength of Mercer’s deep global and local manager research…to support the team in the delivery of strong performance outcomes to our clients.”
Former consultant Russell Investments signalled its intention to end their consulting arrangement with IOOF in 2016.
AUTHOR
Hope William-Smith
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
