The decision to launch the new direct investment option came about as a result of numerous surveys of the fund’s membership, NGS Super acting chief executive Laura Wright told ifa.
“[When the results] came back it was not surprising that members wanted more investment options and more control over their investments,” Ms Wright said.
“Quite clearly, putting in the [Mercer] platform is one way of dealing with that and we [will] start out with a range of products including shares and term deposits.”
Once NGS Super members begin trading using the platform next week, the fund will start to assess the take-up and decide whether or not to expand the range of investment options, she said.
“We know that there’s been a pent-up demand for it because we indicated to members in the second half of last year that we were going to be introducing this platform,” Ms Wright said.
A number of members have already transferred their funds into cash in anticipation of the launch of the new direct investment options, she added.
Revolutionary stuff. Simply blown away by the innovation and to use Mercer, what a coup.