UK - Watson Wyatt has lost a contract with Royal Liver to Mercer Investment Consulting, Global Pensions can exclusively reveal.
It means Mercer has been appointed to provide investment consulting services to the trustees of Royal Liver’s £250m (€371m) UK pension fund, and their €220m Irish pension scheme, which have a combined membership of 6,000.
Royal Liver said it had carried out a competitive tendering exercise and Mercer was chosen by the trustees.
Sally Martin, head of staff pensions at Royal Liver, said: “We were impressed by Mercer’s strong reputation and felt the Mercer team would partner most successfully with our schemes’ trustees.”
Patrick Race, principal at Mercer added: “This is an exceptionally significant win for Mercer. We believe our extensive knowledge of insurance company issues and Irish pension law helped to secure this appointment and we look forward to working with the trustees of Royal Liver’s pension schemes.”
Watson Wyatt were unavailable to comment.
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