EUROPE - Mercer Investment Consulting has moved to eliminate the "artificial divide" between the European and UK markets, promoting Andrew Kirton to head of European investment consulting, and Divyesh Hindocha (pictured) to director of global investment consulting.
Tim Gardener’s position, currently global director, remains unchanged. Kirton was previously head of Mercer IC in the UK.
“Business has grown and the geography divide between the UK and Europe was artificial,” commented Divyesh Hindocha.
Hindocha said that while on the liabilities side regulatory differences were greater, on the investments side, such differences were very small. He added that this served to better leverage ideas in the firm for its multi-national clients.
Mercer Human Resource Consulting, of which Mercer IC is one of three business units, restructured management into an Americas business, a European business taking in the UK, and an Asia-Pacific business, in the first quarter of this year.
Simon O’Regan was appointed head of Mercer HR in Europe at this time, and Edouard Merette, then head of Ireland and Europe, was moved to Singapore to head up the Asian practice.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.