Mercer has launched the Mercer Jelf Financial Planning (MJFP) brand to bring together the Mercer and Jelf financial planning teams.
Services from MJFP will focus on three core offerings to individual clients: financial advice, financial health check and retained wealth management.
Jelf was acquired by Marsh & McLennan Companies, the parent company of Mercer, in December 2015 as part of the consultancy's strategic drive to expand its consumer-focused offering.
The combined MJFP business will work with over 2,500 individual clients from locations in London, Manchester, Leeds and Edinburgh.
The business holds Chartered Financial Planner status, and many individual advisers hold Chartered status in their own right.
Mercer chief executive and market leader Fiona Dunsire said: "Our purpose is to help clients advance the wealth, health and careers of their employees and the provision of financial planning is integral to that."
Mercer partner and commercial leader of consumer business Richard Wilson said: "Our priority since the acquisition has been to ensure that clients' positive experience of dealing with both parties is unchanged."
"The battle among employers to recruit and retain the best quality talent continues to intensify," Wilson added. "Mercer Jelf Financial Planning has in part developed these services to meet increasing demand from employers to facilitate impartial guidance and financial advice for their employees from a trusted source."
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Regulators must act now to impose some "proper regulation" to stop another defined benefit (DB) transfer advice disaster, saysTim Sargisson.
Opportunities for defined benefit (DB) schemes to pursue investment approaches that help repair the UK’s economy cannot stand in the way of improving member outcomes, Aegon says.
More members transferred out of defined benefit (DB) pension schemes in October after September's record lows while values were surprisingly stable, according to XPS Pensions Group's Transfer Watch.
Joanna Smith says trustees will need to accurately identify if covenant issues are short-term affordability concerns, or the start of more material deterioration.