UK – Liverpool University’s pension fund has ended its 30-year relationship with consultancy firm Mercers by appointing Jardine Lloyd Thompson to provide actuarial services, consulting and investment advice.
“Jardine Lloyd Thompson has been appointed to provide the University of Liverpool Pension Fund with actuarial, consulting and strategic investment advice services,” said JLT and the university in a statement.
They said that Mercer Human Resource Consulting was the previous adviser to the fund and that Mercers had advised it for over 30 years. Mercers did not return a call seeking comment.
Liverpool University’s director of finance John Sandbach said: “Our initial selection list resulted in tenders from over 12 potential suppliers and this also included the larger consultancies more traditionally associated with this sector.”
He said JLT “demonstrated a very high level of personal care and understanding of our needs, particularly with regard to Myners and its impact on us”.
The fund is a final salary, defined benefit scheme with around 149 million pounds (233.2 million euros) in assets.