Last week Westpac announced that the Bank and BT Funds Management (BTFM) entered into an agreement to merge BT’s personal and Corporate Superannuation business into Mercer Super Trust. This will result in 338 positions within BT’s personal and corporate superannuation business and Advance Asset Management moving across to Mercer in early 2023.
This decision comes as a part of Westpac’s wider transformation agenda which has already impacted thousands of employees over the past year or more. Many FSU members have been asking what this latest announcement will mean for them.
A consultation process is underway for impacted staff which closes 9 June. Your Union will support members through this process.
Not a FSU member yet? Join with your colleagues here.
Your FSU Team.
P.S. Please share this update with anyone who you think might be affected or need FSU support and assistance.