L'Oreal (UK) Ltd., London, hired Buck Consultants to replace Mercer Investment Consulting as actuarial and general investment consultant for the company's £120 million ($218.4 million) pension plan, said Tanya Byrne, Buck Consultants spokeswoman. L'Oreal (UK) issued an RFP earlier this quarter. BDO Stoy Hayward assisted with the search, she said.
Nikki Rolfe, L'Oreal human resources director, confirmed the hiring in an e-mail but did not respond to further questions. "Buck Consultants demonstrated a clear understanding of our culture and objectives," Ms. Rolfe was quoted in a news release issued by Buck Consultants.