Mercer: Super funds should offer more advice on default funds

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AUSTRALIA - Simple, low-cost financial advice should be incorporated into the MySuper default fund structure offered by superannuation funds to increase members' engagement with their pensions, according to Mercer.

In its latest Mercer Superannuation Sentiment Index, a survey of 1,028 working Australians, 43% of those who had sought financial advice were confident their savings would be sufficient, compared t...

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