The Co-operative Group has appointed Mercer to provide consulting services for the alternative investments in its defined benefit career average earnings pension fund.
These will be phased in over two years to represent 13% of the total fund.
Mike Thorpe, pension finance and risk controller at the Co-operative Group, said: "Given the specialist nature of the alternative investment market, [Mercer] was particularly strong from a governance perspective and we were reassured by the depth of Mercer's research that underpins the selection and monitoring of managers."
Debbie Lovewell-Tuck is a business journalist with 20 years’ experience specialising in pay, reward and HR. She joined Employee Benefits as a reporter in 2003, before becoming editor in 2015. Debbie is also responsible for editorial content across Employee’ Benefits events, including Employee Benefits Live and the Employee Benefits Awards, as well as hosting Employee Benefits’ webinars.View full profile
