Consulting firm Mercer has been appointed as the corporate actuarial advisor to WSP|Parsons Brinckerhoff’s UK pension schemes. Mercer will, among others, provide actuarial advice and risk management for the consultancy’s defined benefit and defined contribution schemes, covering over 4,000 UK members.
WSP|Parsons Brinckerhoff is an in 1959, as WSP, founded professional services consulting firm headquartered in Québec, Canada. In 2014 WSP joined hands with Parson Brinckerhoff, establishing a global engineering consultancy that provides engineering and multidisciplinary services in a vast array of industry sectors. Worldwide, the firm has approximately 32,000 employees based in more than 500 offices across 39 countries.
The firm, which has 5,150 employees in the UK, has recently announced the hiring of Mercer as corporate actuarial advisor for its UK pension schemes. Mercer will provide integrated actuarial services including actuarial advice, risk management, accounting and scheme management across all of WSP’s UK pension schemes, which include five defined benefit and two defined contribution schemes.
Commenting on the appointment, Andrew Noble, WSP|Parsons Brinckerhoff UK Finance Director, says: “We are delighted to appoint Mercer to provide important advice to us in respect of our UK pension schemes. Mercer’s strong reputation gives great assurance to our people that their pension schemes are being well managed.”
Jane Ralph, Partner in Mercer's Financial Strategy Group (FSG), adds: “We are delighted that WSP|Parsons Brinckerhoff has decided to take on Mercer’s services. This mandate requires a number of different but interlinking areas of advice particularly involving Mercer’s pension risk experts, the FSG and Retirement teams. Mercer’s proven track record of managing these interactions has been key to attaining this appointment. It is also a reflection of the quality of our delivery and the strong relationships we have with our clients that we can merit this success.”