POWERED BY MOMENTUM MEDIA
Mercer launches retirement income calculator
Mercer has launched a 'stress test' calculator that will help members of Mercer Super Trust assess their superannuation and predict the impact events such as share market volatility and a career break will have on their retirement income.
Heather Dawson, partner at Mercer, said retirement income calculators helped increase super fund member engagement. Mercer’s Retirement Income Simulator provides a personalised forecast that takes into account all income sources, contributions, rollovers and investment strategies and allows members to apply various strategies to bridge any gaps, she said.
“It’s very powerful for members to see how their contribution patterns and investment strategies can influence the income they will have in retirement. Mercer’s Retirement Income Simulator shows people in very clear terms what they can achieve by working longer or saving more,” she said.
The simulator also features a ‘stress-test’, which helps members to see the impact of stock market movements on their retirement income, she said.
“Australians are now more attuned to the impact that share market volatility has on their superannuation balance but we felt it important to help them understand the impact over time and on their actual income in retirement,” she said.
The stress test is based on 10 different scenarios for each investment option from Mercer’s Capital Market Simulator investment model, meaning members see 10 possible outcomes ranging from a best case to a worst-case scenario, Dawson said.
AUTHOR
Mike Taylor
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
