Mercer launches eGovernance service for pension schemes

  • 23 September 2014
  • London, United Kingdom

Mercer has launched an eGovernance service in response to growing demand from pension scheme trustees to move to paperless trustee board and committee meetings. The consultancy has linked up with eShare, a leading provider of governance software, to provide an online governance solution that Mercer will help tailor to the specific needs and requirements of individual schemes in order to help them improve operational efficiency and governance.

Through eShare’s BoardPacks  trustees and corporates can safely access, manage and store scheme documents, arrange meetings, log decisions and actions as well as maintain a risk register. By combining Mercer’s extensive governance expertise with eShare’s software, Mercer can help trustees to design the right set-up for their scheme, including loading of the scheme documents structured in a logical and practical way, support with designing the governance tools such as the risk register, and implementing best governance practices.

Clare Owen, Head of Mercer’s Governance group, said: “A constant stream of new regulation and an increasing amount of ‘business as usual’ tasks means trustees’ workloads remain high. We are constantly looking at ways of helping them run their pension schemes in smarter and more efficient ways.

“Technology, tailored to fit the specific scheme, and coupled with good governance practices, can help reduce the preparation time for trustees and committees allowing them to focus on the more critical decisions. It can also improve data security, allow real-time access to scheme documents and other materials during and outside meetings, support trustee training, as well as increase the efficiency and timeliness of post and intra-meeting activity.”

Alister Esam, CEO at BoardPacks, commented: “In this digital age, the volume of information is increasing, and organisations need to increase the speed, agility and intelligence with which they make critical business decisions and manage business risk. Good, secure, digital data management systems can help organisations put the processes in place to support this, whilst also achieving significant cost and resource benefits by removing paper from the board and committee meeting.

“We are delighted to be working with Mercer and supporting their clients to run their schemes effectively both inside and outside meetings.”

Notes to Editors

About Mercer
Mercer is a global leader in talent, health, retirement, and investments. Mercer helps clients around the world advance the health, wealth, and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 42 countries and the firm operates in more than 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital. With over 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit Follow Mercer on Twitter @MercerInsights.

About BoardPacks
BoardPacks, eShare’s board management software is a web and app based governance and meeting management tool. BoardPacks helps its users achieve their vision of using software to gain a simple, transparent, unprocessed view of their organisation.

Built on the Microsoft SharePoint platform, BoardPacks is a centralised, secure platform that can be accessed via a web browser or tablet apps. It facilitates better collaboration and radically simplifies the process of issuing board meeting papers. BoardPacks is used by board members and company secretaries / governance officers alike to drive efficiency and good governance, and reduce the administrative burden and cost associated with paper-based processes. It makes upper level management processes, such as managing risk and making decisions, easier for board members.

Since its inception in 2004, eShare, the provider of BoardPacks, has expanded from its origins in the UK pensions industry, and now works with over 400 partners and clients in various industries, including the finance, corporate, healthcare, education and housing sectors.

eShare prides itself on integrity and customer focus. Expert knowledge of heavily regulated industries means the team understands the need for a broader governance focus, compared to other meeting management solutions.

BoardPacks has attracted customers and partners across Europe, South Africa, Australia and more recently in Latin America and include brands such as Barclays, Mars, Vauxhall, Time Warner, Michelin, Hertfordshire Partnership NHS Foundation Trust, Luton and Dunstable Hospital NHS Foundation Trust, Brooklands College, Exeter College and other household names amongst these.

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