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What is the Mercer Master Trust defined contribution pension scheme?


Our master trust occupational pension scheme offers you all the advantages of a trust based defined contribution (DC) scheme, with less time, cost and effort for employers.  Mercer focuses on bringing innovation and unique investment capabilities to enhance the way we serve members’ interests and equip them to achieve sustainable retirement outcomes.  Our master trust provides market leading investment performance¹, member focussed administration and empowering communications seamlessly integrated using a unique governance approach to provide a complete holistic, future-proofed solution.


Mercer’s Master Trust defined contribution pension scheme has been in operation since 2006, making it one of the longest established master trusts in Ireland. It is also the largest master trust in the country, with currently more than 100 employers and 25,000 people participating in Mercer’s Master Trust in Ireland. By combining our scale and expertise, we deliver the most compelling master trust experience in the market.  With engaging communications in a future-proofed investment solution, the Mercer master trust meets the needs of employers and all generations of members.



What are the benefits of joining a master trust occupational pension scheme?


Get your pension provision ahead of the curve while removing the burden of trusteeship and the weight of increasing regulation due to IORP II.


Organisations must ensure they have an IORP II compliant defined contribution occupational pension scheme. Master trusts should be of interest to employers that are providing a defined contribution scheme for the first time. For those employers with an existing DC plan, there is growing recognition of the inherent benefits that a master trust model offers in terms of cost and risk reduction, quicker adoption of best practices and the efficient management of deferred members, particularly in light of the new IORP II legislation.

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    Market-leading investment performance, secure and member focused administration and empowering communications are seamlessly integrated using a unique governance approach that leverages Mercer’s experience in master trusts from Ireland and across the globe. Our unrivalled investment capability allows the freedom to choose the best, most cost-efficient investment options without being tied to a single investment manager delivering unrivalled performance and strong member outcomes at retirement.

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    Member engagement



    Mercer’s dedicated communications team recognises that each member is unique. The breadth of communications available ensures a mix of multimedia approaches to support, drive action and improve member outcomes, whatever the members’ preferred approach. We provide one-to-one advice at retirement for all members. This, coupled with supplementary communications and seminars in the approach to retirement, ensures that members are supported when they need it most.

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    Professional trustees



    The Trustee Directors of the Mercer Master Trust are Brian Buggy of Paramount Pension Trustees Limited and Dave Cooney of Irish Pensions Trust Limited. Brian has over 30 years’ experience in pensions law and Dave has over 30 years’ experience in the pensions industry. Both Trustee Directors are holders of the Qualified Pension Trustee certification.

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    Value for money



    Both members and employers benefit from enhanced communication, investment, administration and governance services at very favourable fees. Mercer’s scale means members have access to best-in-class funds run by highly rated global independent managers. Competitive fees have a significant positive impact on members’ retirement outcomes.





Talk to us about The Mercer Master Trust defined contribution pension scheme today


We’re here to help. Complete the “Connect with us" form today and we will be in touch with you to discuss how being part of the Mercer Master Trust occupational pension scheme could help you deliver better outcomes with less stress.

Irish Pensions Award 2021 Raw





Mercer Master Trust Brochure


Mercer Master Trust: An innovative approach - delivering strong retirement outcomes for Defined Contribution scheme members.




Mercer Master Trust 'Code of Practice' framework


Mercer Master Trust - achieving the highest levels of governance and regulatory compliance.




Related Resources


Mercer Aspire: A smarter DC solution, helping to deliver good outcomes for employers, trustees and members






Consider using a Master Trust occupational pension scheme to ensure your pension scheme is IORP II compliant 


The landscape for Irish occupational pension schemes is changing with the introduction of IORP II, a comprehensive and wide-ranging European Directive that seeks to enhance and harmonise the governance and management of pension schemes across the European Union. In doing so, it introduces a number of new requirements for Irish occupational pension plans, covering governance and risk management, plan management and member communication requirements.


The responsibility for implementing IORP II will fall on trustees, and it will be important that all trustees understand what will be required and what the scheme will need to do. It will be equally important that scheme sponsors understand the Directive’s implications and what potential actions they might need to take. 


Read more



Please click HERE for important regulatory and privacy information.

Mercer (Ireland) Limited, trading as Mercer, is regulated by the Central Bank of Ireland.

¹Based on 7, 5, 3 year comparisons as at 30 June 2022.

We’re here to help

We’d be happy to set up a free consultation or send you more information to get you started. Simply fill out the form below and we will be in touch. If you are an existing Mercer plan member and have a question about your pension or shares, please contact the JustAsk team via this link.


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