Ed Lee, James Wells and Sharon Vanderweff have joined Mercer Canada's Vancouver office.
Mercer has developed the FSM Pro tool, an online platform offering Canadian DB plan sponsors comprehensive funding and plan information.
Mercer has introduced a new tool that enables organizations to streamline how pay is established for international employees on a localized compensation program.
Mercer has entered into a definitive agreement to acquire a 34% stake in South Africa-based Alexander Forbes Group Holdings Ltd. for an undisclosed amount.
Lori Park has returned to Mercer Canada and will take on the role of the office leader for Halifax.
Jean-Daniel Côté has rejoined Mercer as partner in its DC consulting team.
Recently, the Quebec Committee on Public Finance held consultations and offered proposals on the D’Amours report, a government-mandated study that examines Quebec’s retirement system and offers solutions. The proposals of the committee are disappointing, according to a newly released Mercer communiqué.
At a time when more employers are finding it difficult to fund DB plans and many workers lack the financial acumen to successfully direct their DC plans, Mercer is calling for a new middle-ground solution: target benefit pension plans, which aim to provide a target income in retirement, but do not guarantee it.
Mercer has signed a deal to purchase PwC Canada’s pension windup business for an undisclosed amount.
Laurence Coward has been inducted into the Canadian Pension & Benefits Institute Hall of Fame.