Mercer Super expands offering with corporate super plans for all organisations 

This segment, which comprises approximately 2.5 million businesses in Australia, does not require complicated arrangements yet has been limited in its ability to access the benefits of tailored super fees and insurance arrangements due to the smaller size of its employee base.

Mercer Business Super will help solve the needs of such organisations that are increasingly seeking to enhance their employer-supported super offering. It will even assist businesses with 20 employees or fewer, which comprise the bulk of the country’s businesses.

Tim Barber, CEO of Mercer Super, said, “Having delivered corporate super solutions to employers for almost 30 years, we have the experience to make super simple for organisations from micro businesses and SMEs to large companies, with or without bespoke requirements.”

Mercer Business Super’s features include:

• A range of investment options including the award-winning lifecycle MySuper default, Mercer SmartPath, and Mercer Super’s choice investment options.
• Plan design: accommodates accumulation plans and allows for employer-subsidised administration fees and insurance premiums as an employee benefit.
• Fast and seamless onboarding: Mercer Super can accept super guarantee contributions between five and 15 business days of completing an application, depending on the size of the employer.
• Access to Care & Living with Mercer: an award-winning service that members and their families can access to help with the full spectrum of ageing care needs.
• Flexible insurance: five death and total and permanent disablement insurance designs as well as salary continuance insurance.

“We recognise that not every business requires a complex superannuation solution. Mercer Business Super was designed for simplicity and ease of implementation. This means a quick onboarding period and reduced administrative burden for employers,” Mr Barber said.

For more information about Mercer Business Super, click here.