Mercer Retirement Solutions UK
A straightforward solution to the complexities of managing a pension scheme.
A competitive market place requires companies to adapt to the constantly changing business environment through organisational changes and cost containment, as well as providing their employees with a valued benefits programme.
The ever-changing UK pensions market demands that employers and pensions trustees are able to run a compliant pension scheme and are up to date with current pensions legislation. Mercer understands that managing your employee pension scheme can be complex, costly and time consuming which is why we have created our packaged pensions product, Mercer Retirement Solutions.
How Mercer can help
Mercer Retirement Solutions offers a comprehensive range of services required to help you run a compliant pension scheme. The services are bundled together for an agreed fee, so you know what your costs will be at the outset. An additional feature of our product is that you have one point of contact, your dedicated Client Service Manager, who will ensure the smooth running of your scheme.
Servicing trustees effectively
To minimise your workload, the Mercer Retirement Solutions Client Service Manager oversees and co-ordinates all pension scheme activities on behalf of you, the trustees, saving you the time and inconvenience of monitoring and liaising with multiple contacts and suppliers. The team will keep you aware of important changes in pension legislation and practice, recommending solutions as appropriate.
Our end to end service range is categorised by four areas; scheme management, administration, investment and member communications.
Expert scheme management
Scheme management includes the provision of core annual services required to run a compliant and well governed pension scheme ensuring that the trustees are discharging their duties appropriately and most importantly ensuring they continue to meet the necessary scheme governance requirements. Our services are underpinned by robust governance procedures which ensure that trustees administer their Scheme appropriately and in a way which ensures the highest standards are maintained, for the benefit of both members and the company. These include, client management, consulting services for defined benefit and hybrid schemes, life assurance and documentary support services.
Simpler administration
For simpler administration, Mercer Retirements Solutions’ technology, reliable record-keeping, transaction management and quality administration ensure a high level of servicing whether you have a complex defined benefit or a more straightforward defined contribution scheme. Our service includes; administration, accounting and treasury, pensioner payroll services and annuity broking.
Investment
The investment element of Mercer Retirement Solutions is provided by Mercer Global Investments (MGI). This allows us to provide clients with access to a diverse range of highly-rated, specialist investment managers. This efficient investment solution enables clients to outsource day-to-day investment manager selection and monitoring responsibilities to trusted professionals while saving valuable time and resources. MGI’s multi-manager solutions combine our in-house portfolio management expertise with the depth and breadth of Mercer IC’s global highly regarded investment manager research.
Better member communications
To maximise member participation and understanding, we deliver an integrated member communications and education programme, which includes proactive and engaging communications across a wide range of channels; print, online, telephone and seminars. Our aim is to suit the varying needs of your scheme members and to encourage involvement and understanding of the advantages of the scheme. The programme includes targeted information such as newsletters and seminars. We also offer members a Help Line service and gives defined contribution members access to their personal plan information via the internet.
Why Mercer
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Stability & experience – Mercer has the skills and experience to deliver superior and inclusive pension scheme management services. We are a leading global benefits outsourcing provider with a proven track record of successful implementations.
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Meeting your needs – Our aim is to always understand your needs and then to deliver the solutions that proactively meet them using innovative service and technology.
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Reducing your workload – Our experience tells us there are tangible benefits for the clients of Mercer Retirement Solutions, such as time saving, maximising the efficiency of your administration, managing risk, simplifying your investment management as well as providing communications to engage your members.
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No surprises – the services and costs are agreed for a fixed term of three years.
Issued in the United Kingdom by Mercer Limited which is authorised and regulated by the Financial Services Authority. Registered in England No. 984275. Registered Office: 1 Tower Place West, Tower Place, London, EC3R 5BU.
Looking for Foresight?The latest edition of Foresight - dealing with important issues around pensions and employee benefits - is now online.
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Looking for a contract-based pension solution?Mercer Employee Benefits Limited offers an insured contract-based bundled pensions service which integrates design, provider selection, management, governance and communication of group personal and group stakeholder pension plans.
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