UK - Mercer Human Resource Consulting is reorganising its retirement practice in a bid to cut costs and meet changing client demands.
The firm is developing a network of key regional centres outside London and the South East, which will be based in Glasgow, Manchester, Leeds and Birmingham.
The centres will act as the main consulting “hubs” for each region, providing technical and consulting support, training and professional development to satellite offices, which will focus on local clients.
Mercer’s strategy also includes the development of regional “centres of excellence” to handle wind-up arrangements and the processing element of actuarial valuations.
Valuation technical centres are being set up in Belfast and Glasgow, while the main wind-up centres are already operational in Belfast, Leeds and Manchester.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.