Mercer DC Health-Check
Defined Contribution (DC) schemes in Ireland have come of age as the number of schemes have more than trebled in the last 10 years. How is your plan doing? In recent years, much of the focus has been on the difficulties facing Defined Benefit schemes, even though Defined Contribution (DC) schemes face many of the same issues. Given the growing importance of DC plans, and recognising that DC schemes are rapidly becoming the main source of retirement income for the majority of employees - it is vital that trustees and sponsors periodically check whether their DC/AVC schemes are fit for purpose.
Is your DC/AVC Plan Fit for Purpose?
Some key questions to consider in assessing whether your defined contribution (DC) and/or additional voluntary contribution (AVC) plan are fit for the future include:
- What is the business objective of your DC/AVC plan?
- Will your DC/AVC plan provide adequate incomes in retirement?
- What is the most significant risk facing your DC/AVC plan?
- Do your members value the plan?
If you are struggling to answer these questions then it may be time for a DC Health-Check. Mercer has developed the DC Health-Check to give you confidence that your plan is compliant and that members value the plan as a key part of their benefit package.
Keeping abreast of Evolving Best Practice
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Further Information
For further information, please contact your usual Mercer contact.
Alternatively, queries may be directed to our marketing department via
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Dublin:
Charlotte House, Charlemont St, Dublin 2
+353 1 603 9700
Cork:
23/25 South Terrace, Cork
+353 21 491 0900

