PPC, the Zurich-based pension portfolio consultants and Metrics have merged to form PPCmetrics. The newly merged company has an estimated market share of between 15% and 20 % of the Swiss consultancy market making it one of the country's leading groups of advisers.

The new company is expected to serve the growing trend towards risk control which has now become a major issue for pension funds in Switzerland, says Marcus Strebel, manager of PPCmetrics. Every third scheme uses derivatives, and violations of guidelines seem to be quite frequent," he says.

"Because legal regulations emphasise the responsiblity of the boards, schemes will seek for efficient organisations as well as standardised forms of controlling and reporting." Erich Solenthaler"