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Mercer is pleased to announce that its administration partners have successfully connected to the central dashboard ecosystem. Following the successful connection, attention is now firmly focused on working with both administration partners to improve the quality of the data supplied to the central dashboard. The trustees of the Mercer Master Trust have implemented a comprehensive strategy aimed at enhancing data accuracy for both active and deferred members.
A strategic discussion
During a recent board meeting, the trustees heard from Chris Curry, principal of the Pensions Dashboard Programme. His insights into the status of the programme, along with the outlined next steps, provided the trustees with valuable information and an opportunity to ask questions, ensuring clarity on key aspects of this transformative initiative.
Commitment to commercial dashboard provision
Mercer also announced its intention to become a commercial dashboard provider, enabling members to interact with and engage with their pension scheme data effectively. This is an evolution of the current proposition which highlights the value of bringing together all pensions and wider finances into a central dashboard to simplify money management.
The Pensions Dashboard Programme aims to revolutionise how savers think about and plan for retirement by providing them with real-time visibility of their savings and where they are held. The Mercer Master Trust fully supports this initiative, as we believe it will empower members to better plan for their futures. Through Mercer Money, the core of our member experience, we are well-positioned not only to meet regulatory requirements but also to innovate and bring new data-sharing capabilities to life for our members.