Mercer has acquired health services firm Positive Ageing Company to help companies respond to the challenges of an ageing workforce.
Founded in 2012, the information, technology and health services company is an independent adviser on issues surrounding the ageing workforce.
Its tools include the AgeingWorks digital health, wellbeing and eldercare platform which helps provides employees with comprehensive information, support tools and resources.
As part of the deal, Positive Ageing Company co-founders Chris and Mike Minett will report to Mercer Marsh benefits partner Tony Wood.
Mercer's Ageing Workforce research showed 84% of companies are aware they need to change their response to the challenges posed by an ageing workforce, but there is still a lot of inactivity in the market.
The first objective of Mercer is to help employers and employees manage the financial, care and health impact of ageing.
An estimated one in three of the UK workforce will be over the age of 50 by 2020.
Mercer chief executive and market leader Fiona Dunsire said: "The Positive Ageing Company will support employers in taking that first step. The company is a true disruptive innovator providing employees with vital information on a wide range of topics and relaying information on employee needs back to the employer.
Mike and Chris Minett said: "We are excited to be joining Mercer because we have a shared vision - to enable organisations, their employees and ultimately their families to age well.
"Many organisations do not yet fully realise the significant impact that our ageing society is having on their workforce, their customers and their bottom line or more importantly the opportunities to be realised."
Have your say: Should trustees be held accountable for the security of data and assets in the event of a cyber attack?
In this week's Pensions Buzz, we want to know if you agree that trustees be held accountable for the security of data and assets in the event of a cyber attack.
Phoenix Group will launch an ESG defined contribution (DC) default solution for pension fund clients of its Standard Life Assurance business and their scheme members.
More than four in five employers oppose the implementation of multiple pensions dashboards and any that do not include state pensions, the Association of Consulting Actuaries (ACA) says.
Half of scheme representatives agree fiduciary duty hinders trustees in addressing climate change, finds XPS
Half of scheme representatives believe the current fiduciary duty of trustees hinders them in their ability to address climate change, according to a poll by XPS Pensions Group.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.