A Queensland superannuation fund has picked GROW Inc to replace Mercer as its administrator. : It went from charging $1.10 a week plus 0.30% of account balance per year to 0.25% of account balance per annum. The total caps remained at $600 a year. GROW Inc has recently attracted Vanguard as a superannuation administration client, and the ASX as a shareholder. The company started as a superannuation fund in 2016 but pivoted its business to providing infrastructure to other superannuation funds.
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