On 1 June 2025, your super or pension account with the Goldman Sachs & JBWere Superannuation Fund (GS&JBW Fund) will transfer to Mercer Super Trust (Mercer Super).1
Super members: Your new super account will be set up in the Goldman Sachs Superannuation Plan (New Plan) within Mercer Super.
Pension members: Your new pension account will be set up in Mercer SmartRetirement Income, Mercer Super’s retirement product.
Following the transfer, you’ll enjoy the benefits of an award-winning2 super fund committed to helping you make your super and retirement count.
- low admin fees††
- a wide range of investment options
- a history of competitive returns†
- comprehensive member engagement tools, including:
- limited financial advice at no additional cost3
- guidance and support to help you make informed decisions.
Important update
From 1 June 2025, Retained and Spouse members will be able to elect to have employer contributions paid to the new GSS Plan with Mercer Super.
If you would like your employer to contribute to your new account with Mercer Super from 1 June 2025, you can complete a choice form and provide it to your employer.
The USI number for the GSSP is 19905422981712.
Get to know Mercer Super
Mercer Super held a series of webinars in April to help members learn more about their new fund.
You can watch a recording of the webinar here, and get the answers to commonly asked questions on the Documents & FAQs page.
Duration: 45 minutes
Recorded: 14 April 2025
What happens next
There’s nothing you need to do for the transfer to take place but there are some things you may wish to consider before the transfer date.
1
29 April
Confirmation letter: You’ll be issued a formal Significant Event Notice from BEST Superannuation Pty Ltd (Trustee of GS&JBW Fund) confirming the upcoming transfer to Mercer Super.
2
2 May
Transfer Guides: Your Transfer Guide will be available on or around Friday 2 May 2025. You’ll receive a notice letting you know how to access your guide.
3
2 May - 16 May
Investment consent: Members with active accumulation accounts and retained accounts will need to provide consent between Friday 2 May and 5pm Friday 16 May 2025 (AEST) if they want their super balance to be invested in Mercer High Growth (rather than Mercer SmartPath®) from Sunday 1 June 2025.
The deadline for providing consent has passed.
4
20 May
Limited Service Period (LSP) begins: To ensure your account details are accurately transferred to Mercer Super on Sunday 1 June, there will be a Limited Service Period during which you will have limited access to your GS&JBW Fund account and new Mercer Super account. The LSP will be in effect during the following periods:
- for pension members – from 5pm on Tuesday 20 May until Tuesday 17 June 2025 inclusive (AEST); and
- for all other members – from 5pm on Friday 23 May until Tuesday 17 June 2025 (AEST). See the FAQs for a list of transactions that will be processed during the LSP.
5
1 June
Mercer Super account set up: A new Mercer Super account will be set up for you on Sunday 1 June 2025. The LSP continues.
6
18 June
LSP ends: You will have full access to your Mercer Super account. From Wednesday 18 June 2025, you will have full access to your Mercer Super account and will be able to request the full range of transactions on your account, including making a new investment choice.
7
19 June - 30 June
Welcome to Mercer Super: You’ll receive a letter with all the information you need to know about your Mercer Super account, including how to access your online account.
Get your Transfer Guide
Your Transfer Guide provides details about your new account with Mercer Super, including fees and charges and available investment options.
Past performance is not a reliable indicator of future performance. The value of an investment in the Mercer Super Trust may rise and fall from time to time. The investment performance, earnings or return of capital invested are not guaranteed.
† Mercer Super’s default investment option Mercer SmartPath®, has delivered on average 8.1% p.a. over 10 years for one of our largest groups of members, outperforming the comparative industry median of 7.2% p.a. Based on Mercer SmartPath membership data as at 31 December 2024 and for members invested for the full period. Mercer Super Trust’s analysis of Mercer SmartPath (born 1974-1978), one of the largest cohorts, after investment fees and tax, compared to the median of all default funds reported in SuperRatings Fund Crediting Rate Survey – Default Options as at 31 December. Past performance is not a reliable indicator of future performance. The value of an investment in the Mercer Super Trust may rise and fall from time to time. The investment performance, earnings or return of capital invested are not guaranteed.
†† Chant West MySuper Default Fee Tables December 2024 – for $50,000 and $100,000 account balances. Fees are for Mercer SmartSuper - SmartPath® (our MySuper product) as at 31 December 2024 for total administration fees and costs. Chant West uses our 1964-1968 investment option for purposes of comparison with other MySuper funds. You may pay less than this if you are in an employer plan with discounted fees. For more details on fees for each of our SmartPath options, or if you’ve chosen your own investment option/s, go to the ‘How Your Super Works' guide online. Fees and costs can vary from year to year. Past fees and costs are not a reliable indicator of future fees and costs. Fees and comparisons may differ for other investment options and account balances.
1 Subject to final approval of the successor fund transfer by the trustee of each fund.
2 Mercer Super has been recognised with several SuperRatings awards, including SuperRatings' highest platinum rating for both our Allocated Pension Division (now known as Mercer SmartRetirement Income) and Corporate Superannuation Division products. Mercer SmartRetirement Income and the Corporate Superannuation Division products also received SuperRatings Platinum Performance awards, based on investment returns, fees, insurance, member servicing, administration and governance for 10 and 15 years respectively. Ratings issued by SuperRatings Pty Ltd ABN 95 100 192 283, AFSL No. 311800 (SuperRatings) a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd AFSL No. 421445 are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2023 SuperRatings. All rights reserved. The WeMoney Awards are issued by WeMoney Pty Ltd (WeMoney) ABN 88 633 007 860. Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 has an agreement with WeMoney which permits MSAL to disclose the WeMoney Awards it has received. MSAL pays WeMoney a Mercer Licence fee. Details about the WeMoney Awards program and methodology are available at wemoney.com.au.
3 Mercer Financial Advisers are authorised representatives of Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293, AFSL No. 411766. Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 has appointed MFAAPL to provide financial advice services for members of the Mercer Super Trust. In addition, you can get one-off or on-going financial advice for other aspects of your financial situation through MFAAPL, which is a fee-based service.
Issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533, Australian Financial Services Licence 235906, the trustee of the Mercer Super Trust ABN 19 905 422 981 (‘Mercer Super’). Any advice provided is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any advice we recommend you obtain your own financial advice and consider the Product Disclosure Statement available at mercersuper.com.au. The product’s Target Market Determination setting out the class of people for whom the product may be suitable can be found at mercersuper.com.au/tmd.
‘MERCER’ is an Australian registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.
Mercer SmartPath® is an Australian registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.
