Employers spend a lot of time and money on creating attractive retirement benefits for their employees, however many do not really understand or appreciate this provision. A good member communications and education package can address this issue and should include giving members access to information and the tools they need to plan for their retirement.

Why Mercer

Mercer Oneview^TM offers employers the opportunity to enhance their relationships with employees and to encourage them to make the most of their pension investments. Simply, we offer a range of targeted high quality web-based benefit communication tools to encourage members to monitor and implement pension transactions online as well as educating them about their scheme and benefits.

In addition, Mercer OneView™ gives active and deferred members immediate access to their pension scheme data, 24 hours a day, 7 days a week, 365 days a year.

Mercer OneView™ can help you address some important issues:

• Give more responsibility to your members for their retirement planning
  
• Reduce the number of queries to your HR department
  
• Educate your members more about the value of their retirement benefits
  
• Provide the tools to enable members to make contribution and investment decisions online
  
• Give scheme members easy access to their pension information via the internet

Features of Mercer OneView™

The main features for defined contribution schemes include:

• Real-time fund valuation – unit holdings are valued on a daily basis, based on unit prices provided by fund manager(s)

• Access to multiple service periods using one login ID, with data displayed separately for each period of service

• Investment transaction history showing every transaction of units bought and sold in a rolling 12-month period

• A benefit illustrator configured to scheme design, such as contribution scales and asset assumptions

• A facility to provide eligible members with an online, real-time illustration via our annuity portal

• The ability to initiate transactions online including changing contribution levels (core, matched, AVCs etc), future rule changes or accrued switches

• The facility for members to view, add, edit or delete their nomination details online

• Comprehensive information on schemes and related information, including fund managers, fund fact sheets, pensions newsletters, frequently asked questions etc, so members can educate themselves

• Subject to trustees’ agreement “super user” access allows plan sponsors to view member records

The main features for defined benefits schemes include:

• For active members – details of their last benefits statement

• For deferred members – details of benefits payable at the exit date

• Access to multiple service periods using one login ID, with data displayed separately for each period of service

• The facility for members to view, add, edit or delete their nomination details online

• Comprehensive information on schemes and related information, including fund managers, fund fact sheets, pensions newsletters, frequently asked questions etc, so members can educate themselves

• Subject to trustees’ agreement “super user” access allows plan sponsors to view member records

• The potential to provide early and normal retirement quotes for active and deferred members

Benefits of Mercer OneView™

• Reduces the cost of benefits administration, by providing a powerful employee self-service tool

• Enhances benefits communication

• Increases members appreciation of their benefits programmes

• Supports the organisation’s reward and retention strategy

• Provides members with a single point of access to personalised information across multiple periods of scheme membership

• Provides quick answers to members’ questions

• Increases transparency around benefits, enabling members to make more informed decisions online