Mercer Super responds to APRA statement
Australia, 28 May 2024
Mercer Super notes this morning’s announcement by the Australian Prudential Regulation Authority (APRA).
Mercer acknowledges the findings of APRA’s review and is fully committed to taking action on the issues raised. We believe our fund will be stronger and more resilient as a result.
We had a program of work underway to accelerate the transformation of our risk management culture and practices, our business continuity planning and management of service providers.
We will continue to work closely with APRA to finalise and deliver to an agreed plan.
About Mercer
Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.