At Mercer, our mission is to make a difference in people’s lives and to transform wellbeing for all. In these unprecedented and challenging times, we want to reiterate our commitment to all of our clients – Trustees and Employers - and their employees and scheme members for whom they are the stewards. As a leading voice on finance and HR issues globally, we use our position carefully and strategically to engage with senior stakeholders on important conversations.
Given the current unchartered situation created by the COVID-19 pandemic, we now feel we needed to use this voice in a balanced manner to address significant concerns for the UK Defined Benefit pension system. Fundamentally, we believe that the security of defined benefit pensions is enhanced by having financially stronger and engaged sponsors. Our CEO, Sylvia Pozezanac, wrote to the Chancellor, Rishi Sunak MP, on March 31st . A copy of her letter is included below.
These are unbelievably difficult times for us all. We remain committed to being a strong partner and support for all of our clients and society overall.
We will share more updates as the situation evolves but if you have any questions or would like further information please contact us.