The Universities Superannuation Scheme (USS) in the UK has retained William M Mercer as actuarial and investment consultant.
The re-appointment follows a review of the scheme’s providers and the contract includes assets exceeding £20bn, making it one of the largest public sector pension funds in the UK.
USS, which is managed from USS Ltd’s headquarters in the Royal Liver building in Liverpool, was established in 1975 and is the principal pension fund for academic and non-academic staff in UK universities and other higher education and research institutions.
By Janet Du Chenne
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.