An education and communication programme for members of both defined benefit (DB) and defined contribution (DC) occupational pension schemes is being offered by Mercer Human Resource Consulting as part of its all-in-one retirement service.
Mercer says its new integrated service, ‘Mercer Retirement Solutions’, will combine pension scheme management, administration, asset management and member communications for a fixed fee. It says it will also focus on providing an effective member education service, as a initial research from a Mercer survey of over 1,000 employees shows more than two-thirds are unsure of the basic differences between cash, bond and equity funds, while 75% prefer safe investments over riskier high-growth options. As a result the new service aims to offer members access to information and education across...
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