ITS help Mercer launch DB master trust as scheme pressures grow

September 2020

Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.

The consolidation option will see Mercer take over responsibility for all scheme services, including investment via fiduciary management, journey planning, actuarial and covenant services, and scheme management and administration.

A trio of professional trustees firms – Independent Trustee Services, Pan Trustees, and PTL – has been appointed to run the schemes on a segregated basis, although the employer will retain ultimate responsibility for the funding of their scheme, including setting the long-term endgame goal.