Wealth and Investments
Mercer Aspire

The Smarter DC solution, helping to deliver better outcomes for all

Why Mercer Aspire

There’s a lot going on when it comes to defined contribution (DC) pensions in Ireland today. With more and more people depending on DC savings in retirement, having access to the right solution has never been so important. Employers and trustees, concerned with managing the rising costs and risks associated with new governance requirements are also keenly aware of what’s at stake for them and their individual members.

As one of the world’s leaders in DC pension savings, our clients and their members can have confidence that they are in good hands.  Globally, Mercer has over 2,700 clients with $10 Trillion of assets under advice and $225 billion in assets under delegated management.  In Ireland, our innovative DC solution, Mercer Aspire, now has over 50,000 members covering over 130 plans – that’s $4 billion in assets.

Features and Benefits of Mercer Aspire

An investment solution built around your DC members

The Mercer Aspire DC solution is built around your specific members and has the capacity to continuously evolve to reflect new ideas, opportunities and changing market conditions. When it comes to investment, the main features of Mercer Aspire include:

  • Tailor made default, designed for the needs of your members
  • Automatic de-risking as your members near retirement
  • Inbuilt risk management with extensive diversification
  • Focus on members' retirement outcomes in building portfolios
  • Benefit of Mercer's global bulk buying power and investment expertise
  • An investment solution that will always reflect our best thinking
An engaging member communications programme

The objective of Mercer Aspire is to help deliver better DC outcomes for every single individual saver.  However, a key factor influencing the potential for better outcomes centres on the specific actions taken by individuals themselves.  That’s why Mercer Aspire offers a multichannel communications programme that is highly focused on helping individuals to understand their unique situation and circumstances, to identify any actions needed and to support them in making the necessary changes. The programme combines a digital experience, video and written content with face to face group and individual information and advice.  This approach delivers an engaged workforce, appreciative of the benefit provided to them and the work the trustees do on their behalf, who feel confident and empowered in planning their retirement.

Scheme Governance and Administration

With IORP II legislation pending, you can be confident that Mercer Aspire is the right solution for you. Adhering to agreed SLA's supported by regular scheme reporting, Mercer Aspire delivers the peace of mind and confidence that comes with knowing that you are in good hands.   The administration framework is supported by member services allowing members to access their details online while addressing specific queries to our award winning JustASK member helpline.

Our consulting team add additional value by using the administration data to provide scheme specific analytics and solutions to ensure that personalised communications and nudges to action are delivered to the appropriate members at the appropriate times.

Reducing the burden of trusteeship

The job of being a DC scheme trustee is becoming more complex and time-consuming. The Irish Pensions Authority has recently published comprehensive codes of governance which DC trustees need to follow. This is in addition to their previously published investment guidelines and regulatory checklist for on-the-spot fines.  Most employers continue to choose the benefits of the trust-based approach to DC provision but many would prefer not to have to manage the burden of trusteeship themselves. The Mercer Aspire Master Trust now makes it possible to access the highest quality services whilst delegating fiduciary oversight duties to independent dedicated professionals. 

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