Savers in defined contribution (DC) pensions need to take investment risk over a longer period if they want to retire comfortably according to Emma Douglas.
Mercer Workplace Savings has increased its client base to more than 50 companies over the year with assets under management now at £2.2bn.
Mercer has launched a passive diversified growth fund that will sit at the heart of its defined contribution default strategy for workplace savers.
Mercer has confirmed the appointment of Emma Douglas as leader of its workplace savings group.
Emma Douglas has left BlackRock for Mercer where she will help launch and head up the consultant's corporate wrap offering.
A general lack of investment knowledge poses risks for people saving into defined contribution schemes, BlackRock says.