William M Mercer has ended a bad week on a positive note in the UK pension fund industry by being appointed actuarial consultant for the London Borough of Islington Pension Fund.
This week William M Mercer suffered a series of losses when it was dropped from the Alfred McAlpine Pension Plan, the ABB Group pensions plan and the University of Wales Pension and Assurance Scheme (1978).
The London Borough of Islington Pension Fund has 13,000 members, including 5,500 active members and a fund size of £420m.
The previous consultant for the fund was Watson Wyatt.
By Janet Du Chenne
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers