UK - Mercer Investment Consulting has launched an investment platform for defined contribution (DC) pension schemes aimed at enabling trustees and plan sponsors deliver efficient DC investment options and benefits to their members.
The investment platform provides trustees with a wide range of asset classes from which they can customise investment choices suited to their members current and ongoing needs, said a Mercer statement.
Andrew Kirton, UK head of Mercer Investment Consulting, said:
In building the investment platform we did not focus solely on fee savings, but rather on delivering high quality, institutional-level investment management and advice to an under served constituency - DC members.
Trustees will have access to Mercer’s manager research and regular investment updates, while members benefit from trustees ability to select and design higher quality investment funds.
Stacy Scapino, European partner at Mercer, said: The platform gives trustees and, more importantly, their members access to Mercer’s highly-rated investment managers in a cost-efficient, flexible way.
Approximately 60 different funds managed by over 20 investment managers will be available through the Platform.
Each fund has been chosen using Mercer’s rigourous manager research process, which involves on-site visits to investment managers, statistical analysis and consultants direct experience, added Scapino.
The platform administrator is Skandia Life Assurance. Member administration will continue to be provided by a scheme’s chosen third-party administrator.
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