We're evolving. Mercer is now part of the new, expanded Marsh brand

Distribution notice 

The linked content is prepared by Mercer (US) LLC and is distributed by Mercer Investments (Australia) Limited ABN 66 008 612 397 AFSL 244385 (‘MIAL’) in Australia on this website.

MIAL is a wholly owned subsidiary of Mercer (Australia) Pty Ltd ABN 32 005 315 917 (‘Mercer Australia’). ‘MERCER’ is an Australian registered trademark of Mercer Australia. 

References to ‘Mercer’ shall be construed to include Mercer (US) LLC and, where relevant, any other members of the Marsh McLennan group.

This content:

  • contains proprietary information of Mercer;
  • should not be modified, reproduced or sold or otherwise provided, in whole or in part, to any other person or entity, without Mercer’s prior written permission; 
  • is subject to change without notice;
  • may have been contributed or obtained by third parties. It is believed to be accurate as at the date of compilation and is provided in good faith without independent verification; and
  • is general in nature only. It does not constitute advice, an offer of financial products or services, or an offer or representation on behalf of Mercer. It does not take into account the objectives, financial situation or needs of any person or entity; An investor should consider whether the information is suitable for their circumstances and seek professional legal, taxation or financial advice. Past performance does not guarantee future results.   

Although reasonable care has been taken, Mercer makes no representation or warranty as to the accuracy or completion of the content presented and takes no responsibility or liability (including for indirect, consequential or incidental damages), for any error, omission or inaccuracy or for content that may be modified, reproduced or sold without permission.   

MIAL may, from time to time, in its absolute discretion change, delete or replace the content provided on this website.

Please also refer to the Important Notices attached to the content.

© Mercer 2026. All rights reserved.