The consultation is concluded. Your RSP pension is moving to the Mercer Master Trust.
You will have recently received from Mercer your log on details for Mercer Money. Unfortunately some of the information Mercer sent to you was confusing and potentially misleading. As a result, some members may not have been able to login to their Mercer Master Trust accounts via Mercer Money. We are sorry for that and we are doing all that we can to rectify the problem.
As you are aware, IMI has been reimagining our pension arrangements and how they can provide you with even better security and more flexibility in the future.
Over the past few months, IMI has been consulting with you about moving the IMI Retirement Savings Plan into a Master Trust arrangement. The consultation period ended on 11 September and the Company would like to thank you all for your constructive feedback during this time, both via the website and at the recent roadshows. IMI has now had the opportunity to consider all feedback and can confirm that it has been agreed that the Retirement Savings Plan will be moving into a Master Trust arrangement, the Mercer Master Trust, from 1 October 2020.
IMI have decided that the Mercer Master Trust is the right provider for our pension benefits for the future and the Trustee Directors support their decision. We believe that the Master Trust arrangement will give you greater investment choice at lower cost, improved options at retirement, and access to a wider range of tools and information to help manage your finances now and plan for your life after work.
We look forward to welcoming you and your IMI colleagues to the Mercer Master Trust. Thousands of people from many different employers rely on us to look after their retirement savings and we aim to help every one of them get the best possible result for those savings.
From starting out, to deciding how to take your retirement savings, we offer lots of support and guidance to help you achieve your goals. This includes giving you access to our financial wellbeing tool, Mercer Money. As well as details of your Mercer Master Trust account, this provides access to tools, guides and tips to help you make the most of your retirement savings. It also gives you a powerful tool to support your day-to-day financial wellbeing.
In the run-up to 1 October 2020, we’ll give you more information, including online presentations and guides to help you make the most of the Mercer Master Trust right from the start.
Philip Parkinson, on behalf of the Mercer Master Trust Trustees
IMI has decided that the Mercer Master Trust is the right provider for our pension benefits for the future.