Mercer LifetimePlus Added to Firstwrap Platform l Mercer Australia

Mercer LifetimePlus Added to Firstwrap Platform l Mercer Australia

Mercer’s LifetimePlus® added to Colonial First State FirstWrap Platform

  • 11 September 2017
  • Australia, Melbourne

Mercer, a global leader in superannuation, investments, health and human resources consulting and products, is excited to announce that Australia’s first longevity investment option LifetimePlus is now available via Colonial First State’s FirstWrap platform.

“We are delighted by the growing adviser demand for Mercer LifetimePlus, and that additionally it has been added to the Colonial First State FirstWrap platform. For the first time, advisers are now able to provide true longevity protection to most of their clients without changing their overall investment profile in the early phases of retirement – and it’s as easy as an investment switch,” said Ric Lamont, Director of Commercialisation, Mercer Pacific.

Ben Walsh, Managing Director and CEO of Mercer Australia said that with many Australians outliving their retirement savings by at least five years, a product such as LifetimePlus is the innovative solution that financial advisers have been searching for to help their retired clients today, as well as in their later years.

“This is a game changer for advisers who want to encourage their clients to make the most of their retirement, confident in the knowledge their income needs in later life will be looked after,” he said

LifetimePlus is the world’s first group self annuitisation product that provides retirees with income for life that increases as the retiree ages. Like an annuity, it uses investor pooling to provide income that doesn’t run out, no matter how long the investor lives. As the protection is provided by the pool of investors, not a life company, there are no premiums required.

The result is an income stream that is modest to begin, with the investments targeting CPI + 2.5% p.a., and with the income expected to rise over time to exceed high-growth returns in the retirees’ twilight years.

An award-winning financial solution, LifetimePlus offers the missing piece to today’s retirement planning challenge – affordable, effective longevity risk protection in the form of an investment option, not an insurance contract.

For more information visit www.lifetimeplus.com.au or contact the LifetimePlus team on 1800 870 678.


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About Mercer
Mercer delivers advice and technology-driven solutions that help organisations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 22,000 employees are based in 43 countries and the firm operates in over 130 countries. Across the Pacific, organisations look to Mercer for global insights, thought leadership and product innovation to help transform and grow their businesses. We help our clients challenge conventional thinking to create solutions that drive business results and make a difference in the lives of millions of people every day.

Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 60,000 colleagues and annual revenue over $13 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. Marsh & McLennan Companies  is also the parent company of Marsh,which advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions; Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; and Oliver Wyman, which serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit www.mercer.com.au  Follow Mercer on Twitter @MercerAU 

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