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 a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective.
For more information, visit https://www.mercer.com/en-au/. Follow Mercer on LinkedIn.