Mercer adds enhanced annuities to corporate platform

Mercer has added enhanced annuity terms to its workplace savings platform in partnership with the Open Market Annuity Service (OMAS).

The non-advisory proposition allows clients to provide medical information online, over the phone or via a questionnaire in order to identify the most appropriate annuity.

"We have responded to demand from trustees and employers for a service that delivers excellent results to members at a lower cost," said Alan Whalley, Mercer's UK chief executive.

"Until now, corporate provision has lagged behind the individual market, where there is often an adviser providing support.

"We are now bridging that gap so company schemes can enable all their members to search the market and secure the best deal on offer for their circumstances."