Mercer SmartPath helps your members achieve an adequate retirement income that is aligned to their lifestyle and needs by:
- Managing the complexity inherent with the increase in choice post-April 2015.
- Providing flexibility for you to adapt the framework to match the profile of your members.
- Enabling employees to target their preferred outcome as they approach retirement.
Defined contributions — refined for your organization
Mercer SmartPath provides controlled choice while delivering appropriate investment strategies for each of the three at-retirement options — cash, drawdown or an annuity:
- The scheme decides which destination is most appropriate for their members and this is selected as the default.
- Members are invested in a growth fund dynamically managed by Mercer which aims for long-term capital growth.
- Employees then select their desired outcome as they approach retirement and are better equipped to make this choice.
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Corporates benefit from Mercer’s pedigree in manager research and selection, investment strategy and portfolio construction – all monitored and refined according to Mercer’s best ideas for DC now, and in the future.
Members benefit from the improved outcomes this delivers and from an investment strategy that specifically addresses their preferred style of retirement income.
Mercer SmartPath is a pre-built solution available on a delegated or advisory basis.
Mercer — a lifeline for your defined contribution retirement plans
Mercer works closely with our clients to provide tools and services that may improve employee retirement incomes and optimize employer outcomes. Some examples of our market-leading, client-driven tools and services include:
Making retirement work
Few organizations have Mercer’s deep experience in developing defined contribution plans. Our global and local knowledge help you develop a plan that is creating your desired outcomes and can sustain your members over time.
If you’d like more information on how to make sure your plan is founded on sound business principles, please contact us.
How Mercer can help
Mercer can help design, plan, optimize, and manage customized defined contribution plans globally and locally.
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