UK - William M. Mercer has joined forces with Attica Asset Management to introduce Mercer 360, a new investment solutions package designed for smaller defined benefit pension funds with around £50m in assets.
Mercer 360 combines investment consultancy with a multi manager approach. The package will include the establishment of an asset allocation strategy to meet each pension scheme’s own characteristics.
Commenting on the service, Andrew Kirton, head of Mercer’s UK investment consulting practice, said: “The Myners principles underline the importance of effective investment decision-making and support.
“For some time, we’ve been investigating ways in which compliance with these principles might best be achieved by our clients, regardless of size.
“The resulting service incorporates an element of delegated decision-making, and is aimed at supporting organisations with constraints on internal pension resources - typically those running smaller pension schemes.”
Managers in the Attica portfolio will be picked with support from Mercer’s investment manager research and analysis programme.
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