Mercer Wins Award l 2015 Super Fund Awards

Mercer Wins Award l 2015 Super Fund Awards

Mercer LifetimePlus™ named best fund innovation by Chant West

  • 07 May 2015
  • Australia, Sydney

Mercer's longevity solution ensures nest eggs can last for as long as we do:
Awarded most innovative by Chant West

Mercer was last night, awarded ‘Best Fund: Innovation’ at the 2015 Chant West Super Fund Awards, sealing their reputation as a leading innovator in retirement incomes. It is the second year in a row Mercer has won the award with their game-changing longevity solution, LifetimePlus, in 2015 and their lifecycle investment option, SmartPath, in 2014. 

Mercer’s LifetimePlus is a world-first longevity pooled investment fund within an account based pension.  It combines an investment strategy focused on capital preservation with a unique longevity pool structure, which means members share the risk together and there are no third party shareholders or insurance premiums.  It provides three key deliverables: investment returns, living bonus payments, and capital return payments; it is an income for life.

The Chant West Awards recognise funds striving to ‘raise the bar’ across the industry. Ben Walsh, Mercer’s Managing Director and Pacific Market Leader, said, “LifetimePlus addresses longevity risk in a way that has never been offered in Australia before, this is definitely raising the bar in terms of providing Australians with more choice and more protection in retirement.”

“We know 94% of retired Australians believe their super should provide an income for the rest of their life.  With Mercer LifetimePlus you can keep your money in your super fund’s account based pension, avoid changing your investment risk profile, and ensure an income until the day you die,” he said.

“For years, the industry has grappled with how to offer members simple, affordable and flexible longevity risk protection.  We’re very proud to receive this award from Chant West and believe more innovation in superannuation must be encouraged, promoted and celebrated.

“We’re proud to be recognised for our work in providing Australians with an accessible and affordable solution to longevity risk, helping to ensure they have enough savings for an adequate and comfortable retirement,” said Mr Walsh.

The Chant West award for Mercer LifetimePlus comes following recognition with the CANSTAR Innovation Award this past March, where it was the only superannuation product to be awarded.

Mercer was also recognised as a finalist in other categories of the Chant West Super Fund Awards including Best Fund: Integrity, as well as Corporate Solutions Fund of the Year for the Mercer Super Trust.

-ENDS-


About Mercer

Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in more than 40 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com.au Follow Mercer on Twitter @MercerAu

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