Mercer has picked up a key administration mandate – Virgin Money Australia.
Virgin announced the mandate today saying it has ambitious plans to enhance its superannuation offering and introduce a number of market leading benefits for individuals in Australia.
Commenting on the move, Virgin Money Australia chief executive, Greg Boyle, said the company was excited about the potential for disruption given the convergence of wealth and banking in the market.
According to Mercer, Virgin Money Australia will be the first new client to experience Mercer's upgraded customer and administration platform which includes custom built analytics and digital technologies to enable customers to compare, forecast and interpret their current situation and take appropriate action.
Mercer will commence services for Virgin Money's Super Fund from the end of 2015.