Regulated in Ireland

Mercer (Ireland) Limited (“MIL”), Mercer Financial Services Limited (“MFS”) and Mercer Global Investments Europe Limited (“MGIE”), trading as Mercer are regulated by the Central Bank of Ireland.

Mercer (Ireland) Limited. Registered Office: Charlotte House, Charlemont Street, Dublin 2. Registered in Ireland no. 28158.

Mercer Financial Services Limited. Registered Office: Charlotte House, Charlemont Street, Dublin 2. Registered in Ireland no. 312017.

Mercer Global Investments Europe Limited. Registered Office: Charlotte House, Charlemont Street, Dublin 2. Registered in Ireland no. 416688.

Please see below for a list of regulated activities:

Investor Compensation Act 1998

In the event of MIL and MFS being unable to remain financially solvent all regulated products and services provided by MIL and MFS are covered by the terms of the Investor Compensation Act 1998 for eligible investors. The scheme is designed to provide adequate funds out of which eligible investors of failed investment firms are compensated. It is not available to professional or institutional clients. The scheme provides compensation to eligible investors of up to €20,000 or 90% of the amount lost as determined by the Administrator.

It should be noted that Occupational Pension Schemes and larger corporate entities are excluded from coverage under the scheme. For further information and a detailed FAQ please refer to the Investor Compensation Company Limited website: www.investorcompensation.ie.

Regulated Activities in Ireland:

Mercer (Ireland) Limited

· Investment Advice (including the selection of fund managers, fund service providers and specific investment products)

· Insurance Mediation

· Reception and transmission of orders in relation to financial instruments

Financial instruments:

· Transferable securities

· Units or shares in UCITS

· Shares in an Investment Company

· Securities, currencies, interest rates, or yields

· Insurance Policies

Mercer Financial Services Limited

Investment Services

· Investment Advice

· Insurance Mediation

· Reception and transmission of orders in relation to financial instruments

· Acting as a Deposit Agent or Broker


Financial Instruments:

· Insurance Polices

· Tracker Bonds

· Collective Investments

· Personal Retirement Savings Accounts

Mercer Global Investments Europe Limited

All services and activities provided by MGIE are considered regulated and are only offered to professional clients. The provisions of the Investor Compensation Act does not apply to professional clients.

All other products and services not listed above are un-regulated and do not require authorisation with the Central Bank of Ireland and are not covered by the Investor Compensation Act 1998.

Certain activities carried out by Mercer (Ireland) Limited are regulated by the Pensions Board. These activities include; acting as a Registered Administrator for Occupational Pension Schemes and large trust RAC schemes, the provision of actuarial services and benefits consulting. As these services are not regulated by the Central Bank of Ireland they are not covered by the Investor Compensation Scheme.

Pillar 3 disclosures

Background

The European Union Capital Requirements Directive (CRD) came into effect on 1 January 2007, establishing a revised regulatory capital framework governing the amount and type of capital that must be maintained by credit institutions and investment firms based on the provisions of the Basel II Capital Accord. The framework consists of three Pillars:

· Pillar 1 determines the minimum capital requirements of firms to cover credit, market and operational risk;

· Pillar 2 requires firms to assess whether they should hold additional capital in respect of any risks not covered by Pillar 1; and

· Pillar 3 requires firms to publicly disclose information relating to their risk, capital adequacy, and policies for managing risk with the aim of promoting market discipline.

You can download our most recent Pillar 3 disclosures here

Mercer (Ireland) Limited

Our Charges

Mercer (Ireland) Limited (“MIL”)

Unless otherwise agreed in respect of a service or project, MIL is remunerated by fees, which are charged either on a fixed fee basis or on a time and disbursement basis. More detail in relation to this matter is set out in our engagement letter with each client. Changes in fees will be notified to our clients in advance of their coming into effect.


For certain types of transactions, MIL agrees with a client that it will receive an amount of commission from a provider in lieu of fees. Commission is fully disclosed to the client in these circumstances.

Mercer Financial Services Limited (“MFS”)

MFS’s reward for services can take the form of fees or commissions. In particular cases, MFS may wish to charge a fee for its services (in addition to, or in lieu of, its receiving commission) and, in such cases, the amount of the fee will be quoted and agreed before the client incurs any obligation to pay. Fees are charged on either a fixed fee or on a time and disbursement basis. More detail in relation to this matter is set out in the client documentation.

Fees are reviewed periodically (at least annually) by MFS and where changes are deemed appropriate, are notified to our clients in advance of their coming into effect.

Commissions are paid to MFS as intermediary by product producers. Commissions in relation to new products being purchased will be disclosed to clients in accordance with statutory requirements. Such commission can be paid to MFS over a period of up to five years.

Conflicts of Interest

Mercer, a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), is a global consulting leader in talent, health, retirement, and investments. We help clients around the world advance the health, wealth, and performance of their most vital asset — their people. Mercer in Ireland provides a wide range of services to clients both in Ireland and in other jurisdictions.

Given the wide range of services and activities which include administration, investment advisory, retirement consulting, investment products and services and insurance based services, conflicts of interest, real or apparent, will naturally arise.

Mercer seeks to manage these conflicts through appropriate policies, procedures and protocols and also through disclosure of potential conflicts to clients and prospects. We are committed to conducting business fairly, ethically and transparently.

This conflicts of interest statement summarises general conflicts of interest Mercer has identified and describes how we manage and mitigate them. It is not intended to provide an exhaustive list of all conflicts that currently exist or that may exist in the future.

Download the "Conflicts of Interest" document

If you have any questions or would like more information about specific topics after reading this document, please call your Mercer contact person.

Delegated Solutions - Important Information

Please see the following important information on our Delegated Solutions - "Delegated Solutions - Important Information"