Trustees should be prepared for life expectancy of members to continue to increase rapidly despite data from the Office of National Statistics suggesting a possible slowdown, says Mercer.
Higher long-term inflation expectations added £5bn to defined benefit scheme deficits in August, according to Mercer.
Jack Jones examines changes to the Environment Agency pension fund’s investment strategy
A checklist for trustees and sponsors
Mercer will integrate proprietary environmental, social and governance ratings into client reports.
The Pension Protection Fund has launched a specialist administration services panel it says will cut the time schemes spend in its assessment period.
The government could step in and lower the Pension Protection Fund levy to give schemes "breathing space", Mercer has said.
Schemes are using investment outperformance to cut employer contributions by as much as 30% over the next decade, as low discount rates continue to inflate liabilities.
Roche Products Pension Trust Limited has appointed Mercer as the fiduciary manager for the pharmaceutical firm's £500m UK defined benefit scheme.
Pensions remain the most popular form of workplace saving, but employers must offer more options to engage younger workers, according to Mercer research.