Delving deeper into the achievements made to date in equality around the globe and highlighting what diversity and inclusion really look like in today's workplace. A smart path. Read article. This is wrong, argues The Grattan Institute. Members' interests came a long way second, a long way second," he said. He gave at least $10 million to the media outlet, according to Newsweek. One of Donald Trump ‘s top presidential donors from 2016 has taken a step back from supporting his latest election bid. to retirement success. The member who complained was eventually refunded $14,000 "as a gesture of goodwill"; he had been slugged an additional $7,000 a year in fees. But what are the ways in which small and medium-sized businesses can improve wellbeing and effectively manage financial pressures? The ABC's Four Corners program has obtained documentary evidence of a superannuation business doing just that. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. But it said it had "no outstanding complaints" from current or former customers or employees and took its "fiduciary and legal responsibilities seriously". Bushfire royal commission's final report a stark warning for the future, The biggest story of the century is unfolding but it's not safe to cover it, Anglican Church of Tasmania finalises $3.65 million of compensation to survivors of sexual abuse, Melbourne Cup field set as Ashrun gets final spot with Hotham Stakes win, Here's this year's Melbourne Cup field and form guide, Data privacy calamity looming with QR code COVID check-ins, Labor edge ahead in the Queensland election, Victoria reaches 418 without losing a wicket as Harris, Pucovski punish South Australia.

How important is Mental Health at Work? "[It] makes me very angry," she said, when told of the management directive to protect revenues by making it difficult for existing members to find out about, or access, the lower fees available. All news releases & press contacts. In the face of increased competition, and legislative reforms designed to cut costs for superannuation fund members, Mercer introduced lower fees for new members joining this division in early 2014. We use cookies to improve your experience. Explore Mercer’s latest thinking to see how we’re helping to redefine the world of work, reshape retirement and investment outcomes, and unlock real health and well-being. Mercer Super App. But he was told the trustee was under no legal obligation "to communicate the new fee structure" to current members such as him. Please see our updated Privacy Notice for details, which has been revised to comply with GDPR. Living well in uncertain times. In 2016, one member of the allocated pension division who was stuck on the old fee arrangement happened upon a product disclosure statement on the Mercer website that set out the new fees. "At least I now understand why I've gotten into so much trouble over it all, but why wouldn't we help them? Running a business will bring a variety of challenges. Featured thought leadership. I didn't like it one bit.". Robert Mercer, a billionaire hedge …

Taking a complaint to the FOS will not affect your legal rights. Latest news. "We want to protect our existing … revenue as much as possible," Mercer, a US-owned multinational that is a big player in superannuation, wrote to senior staff. Mercer is a major source of funds of Breitbart News. She agreed it looked as if he was paying too much and helped raise a formal complaint on his behalf. It closed the existing scheme but decided wherever possible to keep existing members in the "old category" on a plan that charged significantly higher fees. The early news was uplifting. Mercer's Smartpath investments. Former Mercer employee Ashley Tobin, who worked for the company for 13 years, said it was "an unusually frank admission of Mercer's priorities". The ABC projects Annastacia Palaszczuk has been returned as Premier of Queensland, Follow our live coverage of Queensland's election results as they happen, ABC's Queensland election panel with chief elections analyst Antony Green. Climate change limits the time we have to prepare for the impact. Explore Mercer’s latest thinking to see how we’re helping to redefine the world of work, reshape retirement and investment outcomes, and unlock real health and well-being. Not if you're a worker in the 'gig economy', Rising number of Australians dipping into super to pay medical bills, Live: Green projects Labor to win 47 seats required for outright government in Queensland, Annastacia Palaszczuk will be re-elected Premier in Queensland's state election, Antony Green predicts, Jackie Trad unseated in South Brisbane — a bruising election loss for a party high-flyer, Foreign Minister welcomes Qatar PM's 'sincere apology' for airport search debacle, More than 44,000 homes without power as hail up to 14cm pummels parts of south-east Queensland, Wallabies outclassed as ruthless All Blacks retain Bledisloe Cup, Parents of murdered Queensland schoolboy Daniel Morcombe welcome grandchild on Day for Daniel. What happens if Biden wins? Still reeling from recent terror attacks, why is France in the firing line? One way to help reduce stress is by sticking to daily routines. When shown the Mercer document by Four Corners, prominent investment banker Mark Carnegie said: "I'm outraged.". Employees bravely share their own experiences and challenges on managing mental health issues in the workplace. We are supposed to minimise costs to the company," Ms Glanville said.

It has long been suspected that superannuation funds run for profit sometimes charge excessive fees and try to keep members in high-fee accounts when it is against their best interests. Trustees of superannuation funds have an overarching duty to members of the fund and, where there is a conflict of interest, should always put the members' best interests first. Volunteers are the lifeblood of Australian communities and by helping others, they're also helping themselves. ALERT: In these times and always, beware of attempts to impersonate or clone legitimate Mercer companies (such as fake websites, scam email and phone calls). We use cookies to improve your experience. Explore the strengths and weaknesses of the UK retirement system and how it compares to its global counterparts in our new pension research.

At Mercer, we believe in building brighter futures. Our latest announcements and press releases, both global and local.

Explore Mercer’s latest thinking to see how we’re helping to redefine the world of work, reshape retirement and investment outcomes, and unlock real health and well-being. They are entitled to lower fees.". Read more. We're all just letting it go, letting the ball go through to the keeper.

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