UK - Mercer appointments; NAPF launches FD PensionsConnection; Davenport appoints BlueBay
Mercer has expanded client management services within its UK outsourcing business with three appointments. KPMG's former head of flexible benefits, Tony Morgan, has joined as a principal and head of client management. Emma Pilley and Gary Evans have been appointed principals and client relationship managers in the same team. Pilley has joined from Hewitt where she was a senior client manager, while Evans was formerly a director of the administration consulting team at PwC.
UK - NAPF launches FD PensionsConnection
The National Association of Pension Funds has launched a specialist service aimed at providing information and support to financial professionals involved in their organisation's workplace pension. FD PensionsConnection covers pension issues ranging from deficits, rising liabilities, buyouts, conflicts of interest and the impact of pensions on corporate activity. Free for a year, membership includes quarterly newsletters, speaker evenings and a place at the 2008 NAPF Annual Conference and Exhibition.
UK - Davenport appoints BlueBay
Davenport Royal Dockyard Pension Scheme has appointed BlueBay Asset Management to manage a £45bn (US$88bn) investment grade corporate bonds mandate. Fahim Imam-Sadeque, institutional investment adviser at BlueBay, said: "We believe this appointment recognises BlueBay's expertise in European corporate debt and ability to generate consistent alpha across all market conditions."
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.