Shape your future with Mercer Retirement Services
As a member of the MMC UK Pension Fund, you have access to Mercer Retirement Services – a suite of services designed to help you plan for retirement with confidence. Whether you’re just starting to think about retirement or you’re ready to make decisions, these services are here to support you. There’s no obligation to use them, but they’re available whenever you need them.
Destination Retirement: See what your retirement could look like
Destination Retirement is a free online planning tool that helps you answer the big questions: when can you retire, and how much income will you have? It brings all your pensions and savings together in one place, helping you visualise different retirement scenarios and what lifestyle you could afford.
What you get
- A complete picture of your retirement finances in one place
- Personalised plans based on your goals and circumstances
- Explore different retirement scenarios and see when you could retire
- Visualise what lifestyle you could afford in retirement
- The ability to update your plans anytime
- Support from UK-based retirement specialists if and when you need it
Who it's for
- A great starting point for all members aged 40 and over
- Anyone who wants to understand their retirement options better
- Members who want to see their full financial picture
- Those planning to retire soon or decades away
- Anyone who wants free planning without obligation
How to get started
Register for free at hubfinancialsolutions.co.uk/mmcuk and start exploring your options. There's no cost to use the planning tools – you only pay if you decide to activate your plan and want ongoing professional support.
Mercer Private Wealth: Expert in-person support tailored to you
If your retirement involves complex considerations – multiple pensions, significant savings, tax planning, or broader financial goals – you might benefit from working with a Chartered Financial Planner through Mercer Private Wealth.
What you get
- Face-to-face advice from Chartered Financial Planners (the industry gold standard held by fewer than 15% of UK advisory firms!)
- Comprehensive planning that covers all aspects of your finances, not just your pension
- A bespoke plan tailored to your specific circumstances
- Ongoing support and regular reviews as your life changes
- Meetings held face-to-face, by telephone, or via video call
Who it's for
- Members with multiple pensions or complex financial arrangements
- Those who want face-to-face support and holistic planning
- Anyone needing advice on tax efficiency, inheritance planning, or investments
- Members with larger pension pots or significant savings
- Those who prefer a personal approach rather than managing finances independently
How to get started
Email Mercer Private Wealth at privatewealth@mercer.com with your phone number in the message and they will call you back to arrange an initial consultation.
Your dedicated Financial Planner and support team will discuss your circumstances, analyse your finances, and create a detailed plan designed specifically for you. All fees are agreed upfront and depend on your situation.
Mercer Master Trust Retirement Section: Manage your own pension income
The MMC UK Pension Fund doesn't currently offer a drawdown option directly, but if you've already decided this is how you want to access your pension, you can transfer your savings to the Mercer Master Trust Retirement Section. This flexible drawdown arrangement lets you keep your pension savings invested while you draw income as you need it.
What you get
- Control over when, how much, and how often you withdraw money
- Flexibility to take regular payments or ad hoc lump sums
- Your savings remain invested with potential for growth
- Choice of investment funds to match your risk appetite
- Ability to adjust your income as your needs change
Who it's for
- Members who've already decided drawdown is the right route
- Those happy to make their own investment and withdrawal decisions
- Anyone wanting flexibility to adjust income as needs change
- Members who don't need ongoing financial advice
- Those with a pension pot of at least £30,000
How to get started
There are no setup charges. Ongoing administration and investment charges are deducted from your savings depending on which funds you choose.
This service doesn't include financial advice. You'll need to manage how much income to take, which investments to choose, investment risk, and tax implications yourself.
Visit dcmastertrust.mercer.com/mmcuk to learn more about the Mercer Master Trust Retirement Section.
Questions
Do I have to use Mercer Retirement Services?
No, these are optional services available to you as a Fund member. You’re under no obligation to use them.
How much does it cost?
Destination Retirement is completely free to use. You only pay if you decide to activate your plan and want ongoing professional support. Mercer Private Wealth’s in-person advice fees are agreed with you upfront based on your specific needs. The Mercer Master Trust Retirement Section has administration and investment charges that are deducted from your savings.
Who provides these services?
These services are provided by Mercer Retirement Services and Mercer Private Wealth. The MMC UK Pension Fund acts as an introducer, connecting you with these services.
What’s the Fund’s role?
The Fund introduces members to these services but doesn’t provide or manage them directly.
Can I speak to someone about my options?
Yes. If you have questions about Mercer Retirement Services, you can contact the service providers directly using the details in each section above.
If you're approaching retirement and want guidance on your MMC UK Pension Fund benefits and retirement choices, you have access to the Pension Decision Service – find out more at pensiondecisionservice.mercer.com
For general retirement guidance visit the Government’s free Pension Wise service.