The FINANCIAL — Mercer’s UK DC & Savings team have announced the appointment of 16 new team members in response to increasing client demand. Enquiries for its consulting services – on member communications in particular – has surged significantly. The team’s current headcount is now nearing 90, based in multiple locations across the UK. The consultancy says that further hires will be announced in the coming months.
According to Brian Henderson, UK Head of Mercer’s DC & Savings Team, “The expansion has been driven, in part by client demand following the Freedom and Choice in Pensions Reforms that took full effect on 6 April 2015. The reforms mean that members now have three options on how to take their benefits at retirement. Mercer is at the forefront of educating clients, helping them inform and educate their members, as well as putting solutions in place to enable the implementation of choice.
“We’ve also seen a sharp increase in interest in our innovative products such as the Mercer Master Trust. Corporates often struggle to engage employees in pension and benefits, and are seeing the value that integrated investment and communication design can deliver.“
Recent hires include Stephen Budge, who moves across from KPMG where he was Head of DC Investment: Tax & Pensions, to become a Principal in Mercer’s London team. He is joined by DC Consultant Tejas Patel. Mr Patel rejoins Mercer’s Birmingham office, from KPMG, to lead on DC Investments in the Midlands, according to Mercer.
Further hires include Peter Carey as a DC Product Developer, DC Sales Consultant Mark Bloodworth moving over from Aon Hewitt and Leila Samara joining from Barclays.