Mercer and Callan Associates have terminated their 17 February agreement to merge their investment consulting businesses.
In a statement, Mercer and Callan said they are committed to continuing to grow their respective businesses as independent firms and that each respect one another as competitors.
All Callan and Mercer client relationships will continue under their existing respective contractual agreements and consulting teams.
Mercer announced plans to acquire US-based consulting firm Callan Associates on 17 February (Globalpensions.com, 17 February 2009) .
The move would have given Mercer oversight over 20% of institutional US pension assets. Worldwide assets for the combined firm would have reached around US4.8trn.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.