Mercer Annual Benefit Statement 2022

The fund is strong with this one. Your 2022 Mercer Benefit Statement is landing on the 4th May.

Pension Geeks deliver their expert 5-point checklist to help you get the most from your Annual Benefit Statement, which will be filled with the most up-to-date information on your pension.

With details about your pension's investment performance, contribution breakdown and overall worth, the Statement can give you the holistic perspective you need to make informed financial decisions.

So whether you're considering increasing your contributions (especially after IMI increased the percentage at which we match your contributions up to 7%), or thinking about whether you're ready to retire, your Statement gives you everything you need to make the best decisions now.

It’s important you know that you may have seen the value of your pension go down due to the Russia/Ukraine situation, which has prompted markets to react.

Ups and downs in the stock market are completely normal. It may feel uncomfortable or stressful, but your pension should be able to ride out short-term market dips and you can rest assured that all pensions behave in this way.

Pensions are long-term investments and are designed to weather short-term financial storms. Remember, you aren’t drawing on your pension until you’re aged at least 55 (increasing to 57 in 2028) so your pension has time to grow. If you’re close to retirement and are invested in the Mercer Smartpath, Mercer will gradually move your investments for you when you’re 15 years from retirement, in order to protect your pension value. This is why setting your retirement age is so important!

If you’ve chosen your own investments, it’s crucial that you keep a close eye on your choices over the years and make any changes if your pension is not performing as you’d like it to.

It’s also worth noting that your MMT annual benefit statement only gives you the value of your pension up to 31st March 2022. If you register and log into Mercer Money, you’ll be able to view your real-time pension balance.