US - The Ohio Public Employees Retirement System (OPERS) has ditched Ennis Knupp & Associates who had been its consultant for six years in favour of Mercer Investment Consulting.
Ken Thomas, chairman of OPERS Board of Trustees, said: “Mercer’s global presence and deep resources would support OPERS’ goal of achieving the best risk-adjusted performance.”
Thomas said Mercer would provide consulting services for the pension and health care funds and the defined contribution (DC) fund belonging to OPERS, which together totalled more than US$80bn in assets.
Mercer will begin providing consulting services July 1, pending successful completion of contract negotiations.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.