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Oliver Wyman to merge with rival consultancy

Oliver Wyman & Company, the consultancy best known for identifying the £27bn savings gap, and the financial services arm of Mercer have announced they are merging.

The new consultancy, Mercer Oliver Wyman, will have more than 600 employees with offices in Europe, Asia and North America.
OW&C chairman John Drzik will assume the title of president of the new entity.


Standard Life Investments beefs up its team

Standard Life Investments has beefed up its team by recruiting Alasdair MacLean to its fixed interest team as a European credit analyst and Reg Watson as investment director for its global equities team. Maclean worked previously for CIBC and Watson for Threadneedle Investment Managers.

NU shuts online supermart after a year

Norwich Union is closing its online fund supermarket and wealthmanagement service a year after their launch because of poor uptake.The company says just 250 customers signed up to its Norwich UnionIsa through the supermarket, which gave investors access to 70internal and external funds.The supermarket and online wealth management service were launched ata cost of £230m.NU […]

L&G move to speed up admin on DB to DC

Legal & General has set up a bulk data transfer service thathelps pension scheme trustees and their advisers cut the time ittakes to wind up a finalsalary pension scheme.L&G says the service is designed for winding up and switchingfinal-salary pensions to money-purchase schemes. It says the servicehalves the admin time by capturing data from an […]

Pensions worth more than 1%

Reading Peter Jordan&#39s Sandler Forum article (Monday Marketing,February 13) makes me realise just how far head office people areaway from the real world of dealing with the public on pensionmatters.Peter Jordan naively comments that all IFAs need to do is make surethe products they recommend and the advice they provide really do addvalue relative to […]


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