Worcestershire outsources to Mercer

UK - The £830m (e1.3bn) Worcestershire County Council Pension Fund has appointed William M Mercer as its actuarial consultant. The appointment was made following a formal review of the council’s service providers, which led to the dropping of incumbent Watson Wyatt.

The appointment compliments a recent purple patch for Mercer including its selection by the £1.5bn Nottinghamshire County Council pension fund to act as actuary and investment consultant and a similar brief from the £500m Ciba Specialty Chemicals Pension Scheme.
All of Mercer’s existing local authority clients which have tendered recently have reappointed the group.

“ We are delighted all our existing local authority appointments have been renewed and that we are expanding into new territory. We take this as a reassurance that Mercer is delivering a quality service to its clients,” says Chris Hull, European principal at Mercer and actuary for the Worcestershire scheme.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2444

    Asset class: Trade Finance.
    Asset region: Global.
    Size: USD 10m.
    Closing date: 2018-06-25.

  • QN-2452

    Asset class: Hard Currency.
    Asset region: Emerging markets.
    Size: USD 300 mil..
    Closing date: 2018-06-22.

Begin Your Search Here