Mercer
Is guidance guiding?
Trustees receive a huge amount of guidance, but is it all useful? Holly Roach reports.
Environment Agency Pension Fund to halve emissions by 2030 and reach net zero by 2045
The Environment Agency Pension Fund (EAPF) will cut its carbon emissions by 50% from a 2010 baseline level by the end of this decade on its trajectory to net zero.
Exclusive: ITM acquires Profund Solutions from Mercer
ITM has acquired the products and assets of Profund Solutions from Mercer.
ABI agrees £26m buy-in with Aviva
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.
DB funding - March 2021: Another surplus boost but remain mindful of volatility, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the March 2021 estimates on the various measures…
LGIM and Mercer set out frameworks to achieve 2050 net-zero targets
Legal & General Investment Management’s (LGIM) defined contribution (DC) pensions business has set out its framework to reach net zero across all auto-enrolment (AE) default investment options and the L&G Master Trust by 2050.
PIC confirms £5.6bn of annuities in record risk transfer year
Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.
Why trustees must embrace ESG sooner rather than later
Regulatory pressures over ESG will only intensify. Lucy Tusa says it is better for trustees to embrace this direction of travel sooner rather than later
Tender Watch: AkzoNobel selects Mercer Master Trust; Ofcom seeks sole trustee; Nest hires Atos for admin; XPS appointed by Welsh police
Professional Pensions rounds up some of the latest tender awards from across the industry.
DB funding - February 2021: PPF 7800 records surplus but warns of sensitivity to bond yields
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…
Embrace ESG sooner rather than later
Trustees must understand their starting position on ESG integration in order to set meaningful targets, says Lucy Tusa.
Institutional investors pushing to incorporate diversity, equity and inclusion in private markets portfolios
Institutional investors are pushing to incorporate diversity, equity and inclusion (DEI) and seeking to address imbalances in private markets portfolios, according to a report by Mercer.
Four in five believe 2020 shows need for governance review
Last year proved so significant that it merits an evaluation of governance arrangements, according to four in five respondents to a poll.
Carillion scheme agrees £150m PPF+ buyout with L&G
The Mowlem (1993) Pension Scheme has secured the benefits of around 1,000 members in a buyout with Legal & General (L&G) offering income above compensation levels.
DB funding - January 2021: Deficits back to pre-pandemic levels, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the January 2021 estimates on the various measures…
Exclusive: Mercer to shut five offices as part of post-pandemic acceleration of flexible working
Mercer has set out plans to move to an agile office model on a permanent basis – closing a number of offices and modernising others as a result of both the acquisition of JLT in 2019 and the impact of the Covid-19 pandemic.
UPDATED: The UK's biggest pension consulting firms by revenue
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
ICSWG launches trustee guide for assessing consultants' climate competency
The Investment Consultants Sustainability Working Group (ICSWG) has launched a guide to help trustees assess their investment consultants’ climate competency.
Mercer urges government and HMRC to clarify GMP equalisation guidance
The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.
DB funding - December 2020: Deficit up £76bn over 2020, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
Northern Gas Networks agrees £385m buy-in with L&G; Risk transfer market busy despite Covid and set to top £60bn in 2021
The Northern Gas Networks Pension Scheme has agreed a £385m pensioner buy-in with Legal & General (L&G).
DB funding - November 2020: Deficit plummets by £47bn in positive month for markets
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2020 estimates on the various measures…
Mercer rolls out climate transition solution to help investors move to 1.5 degrees
Mercer has introduced analytics and advice to help investors move their portfolios in line with the Paris Agreement's aim to keep global warming below 1.5 degrees.
DB funding - October 2020: Small rise in PPF 7800 deficit as second Covid-19 wave sets in
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the October 2020 estimates on the various measures…
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