WSP Parsons Brinckerhoff, London, hired Mercer to provide actuarial services to its seven U.K. retirement plans, said Andrew Noble, U.K. finance director.
Mercer will provide services including actuarial advice, risk management and accounting for the professional services consultancy.
Mr. Noble said in an e-mail that the U.K. retirement plans are made up of five defined benefit funds, totaling £85.7 million ($128.1 million); and two defined contribution plans. The amount of assets in the DC plans could not be learned by press time.
He said this was a new appointment, with no firm providing actuarial services before. The hire followed an RFP process.
“This mandate requires a number of different but interlinking areas of advice particularly involving Mercer's pension risk experts, the (financial strategy group) and retirement teams,” said Jane Ralph, partner in Mercer's financial strategy group, in a news release from Mercer.