One size doesn’t fit all: The power of financial advice
Everyone’s situation and objectives are different and there’s no ‘one-size fits all’ strategy when it comes to financial advice.
Research indicates that people who seek financial advice can be better off than those who go it alone1 , Mercer Financial Advice offers access to a number of services so that you can develop a plan that helps you achieve your goals. These services include:
Member educational webinars
As a Mercer Super Trust member you have access to an ongoing series of educational webinars that can be viewed anytime.
These webinars are designed to help you understand how to get the most from your super.
Some of the previous topics include:
- Super 101
- How to set your super up for success
- Preparing for retirement
- Ready to retire
- Managing debt
- Mercer’s investment philosophy
- Women and super
To register for future sessions, or to watch recordings of previous webinars, simply visit our financial advice webinar page.
Retirement Income Simulator
The Mercer Retirement Income Simulator (RIS) is designed to help you understand what your retirement income could look like, how long it might last and the impact of adding a little extra over the long term.
The RIS is able to do this by taking into account factors such as your current super balance, age, gender and salary. It also allows you to adjust future super contributions, potential investment returns, age of retirement and income per year in retirement to showcase a host of various possible scenarios - all within a few minutes.
e-Advice is a unique online personal advice tool created by the Mercer Financial Advice team and is available to Mercer Super members at no additional cost.
Quick and easy to access, you can get personal advice on which of our many investment options best align with your specific risk profile, ensuring you have peace of mind as you plan your retirement.
You can complete the process in less than 10 minutes; after which you’ll receive a Statement of Advice with easy to follow steps to help you achieve your goals.
You can access e-Advice on the Advice Tools page on Member Online.
Financial advice about your super
As a Mercer Super Trust member you also have access to our Helpline Advice team who are trained and certified to provide you with personal financial advice about maximising your Mercer Super fund to achieve your retirement goals.
This is an over the phone service provided at no additional cost.
They can discuss and assist you with strategies such as:
- Growing your Mercer Super through contribution strategies best suited for your situation
- Insurance needs for you
- Investment options within Mercer Super that are tailored to your investment approach and time frame
- Retirement income strategies such as starting a TTR or an allocated pension from your Mercer Super Trust account
- General advice on the Age Pension
This service is a benefit of being a Mercer Super member.
All our phone advisers are qualified financial planners with a wealth of experience in supporting our members. In the phone meeting, your adviser will seek to understand your goals and your current situation. Based on this, they will develop a financial plan that is specifically designed to help you achieve your agreed financial goals.
These conversations can be of great benefit, with 92% of members who use this service surveyed reporting they received good advice.2
Comprehensive tailored financial advice
If you live in Australia and would like holistic financial advice tailored to your specific circumstances and financial objectives, you have access to a Mercer Financial Adviser.
This is a fee-based service which will allow your adviser, and their support team, to work closely with you to unpack and understand every aspect of your financial situation, as well as identify and prioritise your medium and longer term financial objectives.
By gaining a holistic understanding of your situation and objectives, your adviser can work directly with you, to help set specific financial goals and create a plan to help you achieve them. The plan will account for your income, every day spending and expenses, superannuation, tax requirements and your desired income in retirement - all while helping to maximise your savings and minimise your tax.
- Open all
1. Rice Warner's 'Future of Advice' report.
2. Mercer Financial Advice Customer Sentiment Program (January 2022).
Disclaimer: This document has been prepared and sent on behalf of Mercer Superannuation (Australia) Limited (‘Mercer Super’), ABN 79 004 717 533, Australian Financial Services Licence #235906, the trustee of the Mercer Super Trust ABN 19 905 422 981. Any advice contained in this document is of a general nature only, and does not take into account the personal needs and circumstances of any particular individual. Prior to acting on any information contained in this document, you need to take into account your own financial circumstances. Please consider the Product Disclosure Statement, Product Guide, Insurance Guide, and Financial Services Guide before making a decision about the product, or seek professional advice from a licensed, or appropriately authorised financial adviser if you are unsure of what action to take. 'MERCER' is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917. Copyright 2022 Mercer LLC. All rights reserved.