UK - Mercer Human Resource Consulting is considering plans to launch a bundled defined contribution service in the UK, industry sources say.
They believe it will be based on Mercer Super Trust, the contract-based bundled DC service Mercer offers to its Australian and New Zealand clients.
Mercer is understood to be working with Skandia on both the product’s fund range and administration platform. The funds, which are A-rated by Mercer Investment Consulting, will form the investment range on offer to members.
Sources believe the service will be launched within the next month. A Mercer spokeswoman said: “Mercer continues to explore possibilities for new types of investment services, learning from our colleagues in other parts of the world.”
But she added: “It is too early to offer any conclusions or definitive comment at this time.”
Mercer’s Australian product currently offers individuals access to 38 different investment funds, a range of online tools, newsletters, online access to their investments and ancillary services such as financial planning.
The consultant runs DC schemes for more than 240 organisations and delivers services to approximately 108,000 members across Australia and New Zealand.
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