Introducing shared risk through a career average scheme for the public sector is the only way to achieve long-term sustainability and lasting reform, Mercer says.
The trustees of the £50m Pizza Hut Investment Plan have appointed Mercer to provide the closed scheme with implemented consulting.
CANADA - Strong stock market returns and a slight rebound in long-term federal bond yields in the fourth quarter allowed Canadian pension plans to make up for most of the losses incurred in Q2, figures from Mercer show.
Illinois Teachers' Retirement System; KPMG; Putnam Investments; SEI; Threadneedle; Mercer.
The austerity measures that swept through Europe in 2010 took their toll on pension systems. Richard Lowe reports
KPMG has announced the appointment of four new partners in its pensions practice.
Trustees of the AT Kearney Pension & Life Assurance Scheme have appointed Gatemore Capital Management to act as its dedicated chief investment officer.
US - Mercer has completed its acquisition of US investment consultant Hammond Associates for an undisclosed sum.
US pension funds are showing renewed interest in global equities, Jaishree Kalia reports.
EUROPE - Pension funds are moving deeper into alternatives as they reduce their exposure to equities, Mercer European head of investment consulting Tom Geraghty believes.