Mercer supports financial wellbeing in different ways
As everyone’s circumstances, financial literacy and objectives are different, there’s no ‘one-size fits all’ when it comes to supporting your financial wellbeing.
As a Mercer Tailored Super member, you can access a range of services to help you develop your financial understanding to achieve your goals. You can either self-guide or learn through webinars and online tools or discuss your needs with our Mercer education consultants dedicated to Wesfarmers team members. Better yet, these additional member benefits are available to members and their partners/ spouses at no cost.
These services include:
Financial Health Check appointment
A Financial Health Check appointment with one of our dedicated consultants about super and other financial topics can help you make well informed decisions to gain control of your finances.
You can meet with a dedicated education consultant one-on-one, on-site, over the phone, or via a video call.
Each appointment is a general advice conversation that only takes 30 minutes.
Mercer offers this service to all Wesfarmers team members and their partners – it’s complimentary.
Some areas you can discuss:
- Your superannuation (no matter where your super is held)
- Are your retirement savings on track?
- How you can boost your super balance
- Insurance – How much is enough? How much does it cost? Types of cover available
- Budgeting – tips and savings tricks
- Debt management – Mortgage or credit cards? Options as interest rates rise.
Any other general financial questions you might have.
Your Financial Wellness
Your Financial Wellness is an interactive online program to help you strengthen your financial literacy and confidence. You can choose to be guided through tutorials aligned with your financial goals, or you can educate yourself through access to valuable budgeting and debt calculators.
There are also a variety of educational articles and customized finance guides to support you and to help improve your financial understanding, in order to make informed and proactive choices about your super.
What you’ll get:
- Customised financial guidance
- Access to personal finance management tools
- Exclusive educational content
Member educational webinars
Access educational, finance themed webinars that can be viewed anytime, anywhere. These webinars are designed to help you understand how to get the most from your super.
Some of the topics include:
- Super 101
- Boost your super
- Making the most of your money
- Preparing for retirement
- The million dollar question
- Quarterly investment update
- Women and super
Register for future sessions, or watch recordings of previous webinars by visiting:
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 can do this by taking into account factors such as your current super balance, age, gender and salary. It also allows you to adjust your 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.
You can even include your partner’s super and other assets and find out when you will be eligible for the age pension.
Financial advice about your super
Research indicates that people who seek financial advice can be better off than those who go at their super alone.1
For Mercer Super members who want personal financial advice, you have access to our e-Advice and our Helpline Advice team - who are trained and certified to provide you with personal financial advice about maximising your super to achieve your retirement goals.
e-Advice
e-Advice is a quick and easy to access, online personal advice tool that aims to provide 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.
Access e-Advice on the Advice Tools page through your online account.
Phone based Helpline Advice
Our Helpline Advice team are qualified financial advisers with a wealth of experience that are certified to provide you with personal financial advice about your super.
This is an over the phone service.
They can discuss and assist you with strategies such as:
- Growing your super through contribution strategies best suited for your situation
- Insurance cover best suitable for your circumstance
- Investment options within Mercer Super that are tailored to your investment approach and time frame
- Retirement income strategies such as starting a transition to retirement (TTR) or an allocated pension
- General advice on the Age Pension
During the meeting, your adviser will seek to understand your super goals and your current situation. Based on this, they will develop a recommendation that is specifically designed to help you achieve your agreed super financial goals.
These conversations can be of great benefit, with 92% of members saying they received good advice.2
To request an appointment with a phone adviser, call our Helpline anytime between 8am – 7pm (AEST/AEDT), Monday - Friday on 1800 682 525 or
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 allows 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.
Everyone’s situation is different, so the cost of preparing and implementing comprehensive financial advice will vary depending on the complexity of the advice required.
As a Wesfarmers Team member you receive a 15% discount on these fees.
The plan will account for your income, everyday spending and expenses, superannuation, tax requirements and your desired income in retirement - all while helping to maximise your savings and minimise your tax.
1. Rice Warner - '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 2024 Mercer LLC. All rights reserved.
