Mercer

The UK pension system has been ranked seventh in a Mercer study ahead of the USA, Germany and France.

Mercer, Aon and Blackrock must compensate a scheme member whose fund was depleted when invested incorrectly following an enhanced transfer exercise.

Multi-national corporations are changing their approach to executive remuneration as a result of the UK's "shareholder revolution", Mercer has said.

Research from Hymans Robertson shows that IAS19 deficits rose from £67bn to £115bn for FTSE350 companies in the year up to July 2012.

Schemes are interested in fiduciary management but greater understanding is needed. Helen Morrissey looks at how schemes are engaging with this service.

FTSE350 scheme deficits have remained virtually unchanged since 2002 while FTSE100 longevity assumptions have increased for the sixth year running, Mercer says.

Mercer has confirmed its UK chief executive Alan Whalley has retired from the company, leaving a gap in its senior team.

Mercer has praised the National Employment Savings Trust's method of putting new members into low-risk investments, just a year after raising concerns about the practice.

Institutional investors taking part in a Sodali survey overwhelmingly endorsed the ‘say on pay' system of voting on executive remuneration as Mercer criticised government policy on top pay.

Major consultants are advocating ‘multi-asset credit' strategies within pension scheme bond portfolios, which include active allocations across sub-investment grade debt.