I think the majority impacted by these changes will have SMSFs...

I think the majority impacted by these changes will have SMSFs so the liability side isn’t part of that equation.

I’d be surprised if you find much support for your theories because as they state it is only a very small amount of people impacted by this cap.

Perhaps Mercer felt it was always going to come and wanted to get on the front foot and advocate for $5m which is obviously better than $3m for some.