Mercer
Mercer, BT, pension scheme, investment management, investment consulting
Mercer appointed for BT pension scheme


UK
London, 12 July 2010

 



Mercer has been appointed by BT Pension Scheme Management Ltd, the executive arm of the BT Pension Scheme, as one of their strategic partners to provide advice and research on their manager selection activity and portfolio implementation. The relationship was initiated with a delegated mandate of £480 million for European equities (excluding UK) and has extended to other long-term investment mandates.

 

BT, the main telecom services company in the UK, operates one of the largest pension schemes in the UK with total assets of over £32bn.  Mercer will work with BT Pension Scheme Management on the selection of managers, mandate construction across a range of equity and fixed income portfolios, and implementation for certain assets. BTPS will retain overall decision-making responsibility.

 

Frank Naylor, Head of Investments for BTPS, commented: “We were impressed with the breadth of Mercer’s capability, and their desire and commitment to work with us as a strategic partner differentiated them from their competition.  Their ability not only to advise but also to be able to execute was key to our decision to appoint them.”

 

Amit Popat, a Partner at Mercer, commented: “We are very excited about this appointment. In the past two years, Mercer and BTPS have worked on allocating over £4bn in investment mandates. This appointment by BTPS reinforces our view that an ever-increasing number of pension fund clients, large and small, will be looking to their advisers to help implement investment solutions going forward.”

 

Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer’s investment services include investment consulting and multi-manager investment management. Mercer’s 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges.


 


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