Mercer’s forthcoming pensions knowledge seminars
22 September 2008Mercer is organising the following pensions knowledge seminars over the next three months
Interest grows in employer-sponsored alternative savings plans
17 September 2008Alternative savings options are more attractive to many employees than pensions, according to half the attendees at Mercer’s Pension Forum series ‘Beyond DC to lifestyle savings’.
Lehman bankruptcy puts pension funds’ risk management to test
15 September 2008At mid-day today, it is already clear that markets are reacting negatively to the weekend's dramatic developments in the US financial system with European equity markets down over 4%. While the full extent of the resulting damage will begin to...
Pension scheme discount liabilities report - FTSE350 more cautious
10 September 2008Research by Mercer into the assumptions used by FTSE350 companies to value their pension schemes has highlighted a significant divergence between the interest rates used to discount scheme liabilities and AA corporate bond indices. It appears that...
Pensioner buy-ins not a panacea for all, warns Mercer
10 September 2008Following the Cable & Wireless transaction which, at around £1 billion, is the largest pensioner buy-in to date, Mercer has cautioned that while pensioner buy-ins remains an appropriate approach for some, they are not a panacea for all trustees or...
Annual Survey of Pension Financial Risk - special contributions continue to rise
9 September 2008Special contributions to pension schemes have risen for the third year in a row as companies continue to address pension risk, according to the Annual Survey of Pension Financial Risk carried out by Mercer and the Association of Corporate Treasurers...
Mercer holds European investment forum in the Netherlands
9 September 2008Mercer is holding a one-and-a-half day European Investment Forum for pension funds, other institutional investors and asset managers in Noordwijk, The Netherlands on 25 and 26 September 2008.
Risk of pension ‘hangover’ from corporate transactions
9 September 2008Mercer has warned that companies and private equity houses must carefully consider the potential impact of the Pensions Regulator’s powers when planning corporate transactions.
Mercer event: Buyouts and risk solutions – Everything you need to know
8 September 2008Mercer is holding a live web TV conference on the hot topic of pension buyouts and risk solutions. The conference will be held on Thursday 2 October and is designed for trustees, pensions managers, HR directors and finance directors.
Mercer raises concern over Governance Compliance Statement guidance
8 September 2008Mercer has voiced concerns that the proposed Governance Compliance Statement from the CLG (Communities and Local Government) is likely to become a simple tick-box exercise for those committees responsible for the oversight of local authority pension...
Mercer’s UK outsourcing business expands under strategy to lead on service quality
31 August 2008Strategy focuses on senior recruitment, staff training programme and product development Three new principals join client relationship management team Two product development specialists recruited for member service improvements
Pension buy-outs: Mercer warns of pitfalls
19 August 2008Mercer has warned of some ‘elephant traps’ into which pension scheme sponsors and trustees could fall when seeking to de-risk their schemes. The dangers include paying too much for risk reduction, remaining over-exposed to future risks, missing...
Steve Charlton joins Mercer’s retirement business
19 August 2008Mercer UK has appointed Steve Charlton as a principal within its retirement business, specialising in defined contribution (DC) pensions.
TPR’s draft guidance on pension transfer values too late to be effective
11 August 2008The Pensions Regulator (TPR) has published draft guidance on calculating 'cash equivalent transfer values' for members of defined benefit schemes, for consultation
Mercer wins employee benefits contract with Broadway Malyan
6 August 2008Mercer has been appointed by architecture, urbanism and design practice Broadway Malyan to operate as consultants for its employee benefits programme.
Mercer UK appointed by Deloitte to provide pension administration services
5 August 2008Following a competitive tendering process, Mercer has been appointed by Deloitte to provide full administration services for a number of its pension arrangements.
Pensions deficit survey – market volatility demands greater risk management
5 August 2008Market turmoil has turned a balance sheet asset into a liability that could create further difficulties for companies already suffering from the credit crunch, according to Mercer’s quarterly pensions report on the FTSE 350. Recent economic...
Mercer expands investment management business
28 July 2008Daniel Blass has been appointed as Head of Client Services in Mercer’s investment management business. Daniel is tasked with supporting the growth of the division which has seen a steady increase in clients and assets under management in 2008.
ASB proposals ‘misleading and impractical’ says Mercer
24 July 2008Mercer has questioned the feasibility of the Accounting Standards Board's (ASB) discussion paper, "The Financial Reporting of Pensions".
Pensions Regulator should not undermine trustees’ reasonable decisions
23 July 2008Mercer has welcomed the Pensions Regulator’s (TPR) commitment to delaying the introduction of changes to the way it views mortality assumptions.
Mercer seminar responses indicate uncertain future for local government pension scheme
21 July 2008The current one-sixtieth final salary Local Government Pension Scheme (LGPS) will not exist by 2012 according to 75% of local government attendees at Mercer’s summer seminar series. Only 25% of respondents believed the LGPS will continue in its...
Medical inflation reaches 10% as claims increase and costs rise
14 July 2008Company medical plans may have to undergo similar changes experienced by company pension schemes if medical inflation continues at its current rate, says Mercer. According to proprietary data analysed by the company, medical inflation is currently...
Firms need to enhance the reputations of their defined contribution pension schemes - CBI / Mercer
9 July 2008Businesses must work harder to rebut unfair negative views about defined contribution pension (DC) schemes, the CBI and Mercer warned today.
Press breakfast briefing: Tuesday 15 July, pan-European pensions: Where are we now?
7 July 2008Mercer is holding a breakfast briefing for the press on Tuesday 15th July to outline current progress and developments in Pan-European pensions.
Mercer wins actuarial and investment appointment with MAN AG
26 June 2008Mercer has been appointed to provide actuarial and investment consulting services to the trustees of MAN AG’s defined benefit (DB) pension scheme in the UK.