Mercer

AUSTRALIA - A growing number of superannuation funds are already well-placed to deal with the introduction of legislation concerning operational risk reserves, research by Mercer shows.

AXA Investment Managers (AXA IM) has appointed Mercer chief investment officer Tim Gardener as global head of consultant relations.

GLOBAL - Axa Investment Managers (Axa IM) has appointed Mercer CIO Tim Gardener as global head of consultant relations.

Lord John Hutton's independent public sector pensions commission should consider an LGPS-style framework for all taxpayer funded schemes, a consultant says.

Unilever has appointed one of Mercer's top investment consultants to help run its pension scheme.

UK - Unilever has appointed one of Mercer's top investment consultants to help run its pension scheme.

GLOBAL - Companies in more countries are starting to adopt the two-tier model of defined contribution funding typically found in the US, said Craig Burnett, Mercer's European head of DC.

The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.

Trustees could be on the hook for liabilities up to 15 years after a buyout has occurred if they fail to take adequate insurance cover, lawyers warn.