More NewsMercer Outsourcing Uses Western Union for Pension Payments

Mercer Outsourcing Uses Western Union for Pension Payments

Mercer Outsourcing, a UK pension administrator, will now pay their overseas pensioners living in 80 countries through Western Union Business Solutions. With this agreement, retirees who receive pension payments through Mercer will benefit in a number of ways, such as:

  • Funds can be delivered directly into a bank account in 80 countries in more than 44 currencies.
  • Retirees will receive their payments more quickly than ever before – generally within two days.

Mercer Outsourcing employees will benefit from a more streamlined and transparent payments process. They will also be able to validate a pensioner’s details before payments are made.

“This alliance – the largest deal we’ve ever done in the UK – will position Western Union Business Solutions as a leader in processing overseas pension payments,” said Raj Agrawal, president, Western Union Business Solutions. “We hope to replicate this model in the US and Australia, providing convenient, efficient and innovative solutions for employers and their employees.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi