AUSTRALIA - Mercer HR Consulting has today announced the completion of the acquisition of the Australian operations of Mellon Human Resources & Investor Solutions and its subsidiaries, as reported by Global Pensions in February.
“This acquisition further solidifies our pre-eminent position in Australia and our position as the global leader,” said Brian Storms, global president and chief executive officer at Mercer. “We are confident that integration will be accelerated because of our shared client-focussed culture.”
Peter Promnitz, chief executive of Mercer’s Australia operations, said: “We will continue to grow our business in Australia, leverage our scale and create cost efficiencies. This acquisition supports our commitment to offering corporate superannuation administration and consulting services. We are now better positioned to capitalise on the opportunities the new Choice of Fund regime will bring.”
In Australia, Mellon HR & IS has provided actuarial, insurance, communication, legal, web services and asset consulting as well as superannuation services and administration.
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.