Consulting firm Mercer and Australia-based Decimal Software have announced a partnership, under which Mercer will offer Decimal’s Eqilize digital advice solution across the super funds it services.
Eqilize is pre-configured to suit the requirements of small, medium and large super providers. The solution can also be configured and scaled to meet the changing needs of clients.
The partnership will allow more than two million Australians, representing about $65bn in assets, gain access to Eqilize.
The solution would also be offered to users of Mercer Super Trust, the flagship super product of Mercer.
Decimal CEO Nic Pollock said: “The deal continues a longstanding, successful relationship with Mercer as both client and channel partner. It also further establishes Eqilize as the standard for digital advice among Australia’s superannuation sector.”
Mercer chief customer officer Cambell Holt said that the selection of Eqilize was driven by Mercer’s view of considering technology as key to engaging customers who currently do not seek financial advice.
“Digital advice isn’t about digitising traditional advice. The industry has an opportunity to start from a blank slate given most customers aren’t familiar with current advice models,” Holt said.