United Kingdom , London

Mercer has won the Fiduciary Manager category at this year’s Pensions and Investment awards (PIPA). The PIPAs aim to recognise excellence in providers of products and services to UK occupational pension schemes. The four key criteria used to adjudicate the awards were performance, innovation, service standards and competitive edge.

The award recognises the strength and breadth of Mercer’s fiduciary management business and the innovative solutions it has delivered to clients. In the past year the team put in place a number of liability hedging solutions to protect funding levels, and introduced diverse investment strategies such as low volatility equities and tail-risk hedging. These innovations have already delivered great returns for Mercer’s clients.

Daniel Melley, Partner in Mercer Investments, said: “We have built a very strong and sophisticated fiduciary management service offering over the past five years. The greatest endorsement of our efforts has been the number of pension fund trustees who have chosen to work with us on this basis. To receive public recognition of our efforts in the form of the PIPA award is also very rewarding. We are very proud to have received this industry recognition of our innovative strategies and of the provision of consistently good service to our clients.”

Mercer’s fiduciary management business has won 26 clients over the past 12 months, bringing its UK client base to 80 with c.£5.23 billion of assets under implementation. Globally, Mercer manages $58 billion of assets on an implemented basis.