Rohm & Haas Retirement Plan, London, asked William M. Mercer to conduct an asset-liability study for the £125 million ($183 million) plan, said Tony Pound, independent consultant to plan trustees. Rohm & Haas consolidated the U.K. pension plans of recently acquired companies Shipley Europe, Lea Ronal and Morton International into its existing £80 million defined benefit plan. The asset-liability study will "realign the asset managers” of the newly merged plans, he said.
Managers for the Rohm & Haas plan are Northern Trust Global Investments for equities and Deutsche Asset Management for fixed income. Legal & General Investment Management manages the assets of the Shipley plan. Swiss Life manages the Lea Ronal plan, and a large portion of the assets of the Morton Plan are managed by Schroders and Friends Ivory & Sime. Mr. Pound would give no further details.
Trustees will consider the results of the study at their June 26 meeting.
