Buckinghamshire County Council Pension Fund, Aylesbury, England, rehired Mercer as investment consultant, ending a search that began in March, a spokesman for the £1.3 billion ($1.9 billion) plan confirmed.
No investment changes are anticipated.
Separately, Mercer was hired as actuary and general benefits and risk insurance consultant for Sevenoaks, England-based Marley Eternit’s £580 million Marley 1986 Pension Scheme, a defined benefit plan, and its £5 million em Pension Scheme, a defined contribution plan, confirmed Neil Simpson, Mercer consultant.
Mercer replaces Towers Watson on both plans. Company officials wanted a single provider for the two plans and a third, the Eternit Pension Plan, another DB plan, for which Mercer already serves as actuary and consultant, Mr. Simpson said in an e-mail response to questions. He declined to give the asset size of the Eternit Pension Plan.
A Marley Eternit spokeswoman referred questions to Mercer.