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In 1945, Mercer Wealth began operations in the form of William M. Mercer, Ltd.
This Canadian business soon became a leading provider of actuarial and benefits consulting services. In 1959, Marsh & McLennan Companies acquired this business to merge it with its own employee benefits department.
Growth and acquisitions led to significant expansion, with Mercer going on to become a global leader in investments, retirement, health and talent. Mercer now has clients in 140 markets the world over.
In 2013, Mercer received authorisation from the Australian Prudential Regulatory Authority (APRA) to offer its MySuper product, including the Mercer SmartPath investment portfolio.
Mercer has over 20,000 employees based in 43 countries, offering services to clients in 140 nations. In Australia, it has more than 225 employer plans and around 214,000 members, making it one of the country’s leading corporate master trusts. It made its MySuper product available to Australians on 1st December 2013.
Mercer provides services to Australian corporations, multinational corporations, endowments and foundations, affinity groups and the public sector. It also offers wealth management and private equity advice. The industries it caters to come from diverse realms that include energy, insurance, healthcare, financial services, higher education and retail.
If you choose Mercer’s MySuper product, you can opt for a ready-made investment portfolio crafted by experts or you can take matters into your own hands. You can also turn to Mercer for a suitable pension solution.
As a Mercer Wealth member you get access to its secure online platform. You can use this system to check your fund’s balance and view details about contributions. The website also offers a retirement income simulator, using which you can get an idea about how much money you’ll need down the road.
Back to topMercer’s MySuper product lets you choose between two options.
Mercer SmartPath, unlike various other lifecycle options, makes changes to asset allocation until you turn 85. The retirement income remains exempt from tax, which is why you invest more in ‘tax-aware’ Australian share strategies during your retirement years.
Since maintaining some exposure to growth assets is important for retirees, the returns you earn after retirement account for around two thirds of your retirement income. Resultantly, Mercer invests more heavily in growth assets post retirement when compared to other life cycle options.
You need at least $20,000 to qualify. In addition, not all plans in the Mercer Super Trust can avail of Mercer Direct. Members get an easy to understand consolidated investment summary.
Back to topMercer offers a pension solution called the Allocated Pension Division (APD), designed to provide a regular, flexible and tax-effective post-retirement income.
You can become a Mercer Wealth super fund member in your individual capacity or through your employer. If you wish to apply as an individual you can submit an online application. If an offer for a Mercer corporate plan comes from your employer, you don’t have to apply online. You can become a Mercer Wealth super fund member at various stages.
To become a member of the individual section of the plan you have to meet some requirements.
After your account is open you can update and change the following details online or over the phone.
While the Mercer Wealth superannuation fund lets you choose from different investment options, other superannuation providers offer similar variety as well. Therefore, it’s best that you compare a few before deciding.
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