Mercer lures big-name actuary
MercerHuman Resources Consulting has secured Australia’s biggest actuarial name, with David Knox joining its Melbourne-based superannuation consulting division last week.
The high profile Knox, who spent the last six years as a director of PricewaterhouseCoopers Actuarial, is earmarked to head Mercer’s public sector superannuation consultancy, which counts the Federal Government, as well as the state Governments of New South Wales, Victoria and Western Australia, among its clients.
The newly-created position will also include finance and risk consulting work for private sector clients, as well as being the public face of Mercer’s advocacy on retirement incomes policy.
The former Melbourne University academic used the announcement of his new job to repeat his calls for the retirement age to be raised from 65 to at least 67.
“The Government’s been doing some good work on the flexible retirement concept and made it easier for people to work longer, but while it’s in the public psyche that you can get the age pension from 65, they’re really banging their heads against the wall in terms of the sustainability of the system,” Knox said.
Knox is a former board member of the Australian Prudential RegulationAuthority (APRA) and the Associationof Superannuation Funds of Australia (ASFA), and recently joined the Financial Advising Committee of the Securities Institute.
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