Mercer has right chemistry for £50m DuPont mandate
UK – Chemical firm DuPontSA has appointed William M. Mercer as consultant and actuary for its new £50m (€80m) UK pension fund, which has both defined benefit (DB) and contribution segments (DC).
The new scheme will have 600 initial members from DuPont’s existing UK DB plan and will be open to any new employees joining the new company.
Mercer will provide actuarial, benefit consulting, scheme design, risk and legal advice, as well as advice on international matters.
DuPontSA is a new company formed by the joint venture of polyester, fibre, resin and intermediaries businesses of American company DuPont, the world’s largest chemicals company and Sabanci, a Turkish textiles firm.