Mercer has set up an office in Dubai, to serve as its Middle East operations hub.
Its human resource advisory business has seen rapid expansion, serving almost 100 clients. Dubai is already a critical business hub for the Middle East and North Africa and, given the UAE's unprecedented geopolitical and social transformation, our own global research shows this region as an HR hotspot for years to come.
Meanwhile, Mercer has also launched a book, 2020 Vision: Investment Wisdom for Tomorrow, capturing the views of investment figures from around the world.
The book, written by Harry Liem, senior associate within Mercer's investment consulting business, presents seven key themes that will influence the professional investment industry over the next decade.
Liem believes the ability to sustain future superior performance will define the funds management industry in the coming years. He said: "Institutional investment is based on the search for alpha or outperformance, however, active investment managers have long battled against the erosion of alpha as their ideas and processes are taken up by competitors. The best of them are constantly searching for new ideas and new sources of information to maintain their competitive advantage. Only those players able to adapt themselves faster than their competitors will maintain their leading edge."
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.