The Pension Schemes Bill requires multi-employer Defined Contribution (DC) pension schemes to operate at a megafund scale, managing at least £25 billion in assets by 2030. This milestone aims to foster fewer, larger, and better-run pension schemes that deliver improved outcomes for members.
The combined assets and growth forecasts of Mercer’s UK Workplace Savings business, that includes the Mercer Master Trust (MMT) and the recently-acquired now:pensions master trust, puts Mercer in a position to meet this target ahead of the 2030 date.
“Our global footprint and scale gives Mercer a unique advantage in delivering innovative and effective DC pension solutions for UK members. Globally, we are one of the largest DC asset managers” explains Alan Nelson, UK DC Product Leader, Mercer Master Trust. “By leveraging insights and expertise from markets around the world, we are well-positioned to meet the evolving needs of pension savers here at home. £25 billion in assets under management in the UK across our workplace business is just the start, and reflects our commitment to scale and excellence, enabling us to deliver better outcomes for members across the UK.”
As the pension landscape continues to evolve, Mercer remains focused on delivering innovative, scalable solutions that help trustees and investors navigate the market with confidence and enhance member outcomes.
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