Mercer can help you to navigate the complexities involved in running a defined benefit scheme. Our size gives us the pool of expertise to help you meet your defined benefit pension scheme’s legal and regulatory requirements as well as the tools to help you effectively and efficiently achieve your endgame.
Defined benefit schemes are complex and require considerable resource and expertise to deliver good outcomes for your members and stakeholders. Whether you are a trustee or a sponsor of a defined benefit pension scheme, Mercer provides tools that can help you:
Mercer’s defined benefit pension specialists are committed to helping defined benefit schemes meet their obligations.
Our scale means we dynamically expand the team to bring the right professionals on board to help your organisation’s specific issues as they arise.
There are many issues facing DB schemes, and these challenges are growing in number and complexity with recent examples including:
More than ever, well-run defined benefit schemes have sponsors and trustees working together; collaboration is essential to ensure the best outcomes for all of their stakeholders.
Many defined benefit schemes have either set or have a good idea of what their endgame is, where this is appropriate – whether that be securing all liabilities with a third party or reaching low dependency. We help schemes plan their journey and ensure every decision taken gets them a step closer to achieving their objectives.
There is a spectrum of consolidation options available to defined benefit schemes designed to create efficiencies and mitigate risk. These include:
Whilst consolidation may not be right for every defined benefit scheme, we help trustees and sponsors consider these options and how they might help with any of the issues the scheme is facing and fit with the overall goals of the scheme.
Tess Page, Partner and UK Wealth Trustee Leader
Pressures on trustees and sponsors of defined benefit pension schemes continues to grow. The governance burden increases. Investment Markets get more complex and the availability of capital for deficit reduction contribution continues to be squeezed.
The ultimate goal of a defined benefit pension scheme is making sure all members receive the benefits and service they are entitled to, whilst ensuring the sponsor remains financially viable.
Mercer will work with you to meet the expectations of all your scheme’s stakeholders and ensure that your scheme is prepared for the future.
Contact our defined benefit specialist team for more information on the specific services and solutions we offer.
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