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Mercer Super responds to Federal Court Civil Penalty Decision
Australia, 02 August 2024
We accept the Court’s decision handed down today regarding five marketing statements that were overly broad. We acknowledge the need for accurate information concerning the sustainable nature and characteristics of superannuation investment options. We have cooperated with ASIC and undertaken a comprehensive review of our internal marketing processes and procedures.
These issues were not intentional and we apologise to our members and clients.
Members’ funds will not be used to pay the penalty.