Jelf Financial Planning becomes part of Mercer


Jelf Financial Planning joins Mercer as consultancy expands consumer advice business

  • 10 December 2015
  • United Kingdom, Lonon

Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), announced today that the Financial Planning operations of Jelf Group plc, the independent insurance broker and financial consultancy recently acquired by Marsh, will become part of Mercer’s UK consumer business.

Bristol-based Jelf Group plc was founded in 1989 and has 36 offices across the UK. The company’s Financial Planning business employs around 80 members of staff and operates from the core locations of Bath, Bristol, Cheltenham, Manchester and Reading. It provides financial advice to high net worth individuals, business owners and senior executives across the UK. The move strengthens Mercer’s capability to provide financial advice to a broad range of companies and their employees.

“Our purpose is to help clients advance the wealth, health and careers of their employees,” said Fiona Dunsire, Mercer’s UK CEO and Market Leader, “and expanding our financial advice capabilities is central to that mission. The need is evident: research from Mercer and the Confederation of British Industry showed that one third of businesses are concerned that their employees won’t make the right decision on how they use their pension pot when they reach 55. We want to help employers assist their employees in making the best choices in how they save and spend up to, into and through their retirement. Jelf’s financial planning business boosts our ability to do this. We are delighted to welcome them to Mercer.”

Chris Jelf, founder and Deputy Chairman of Jelf Group plc, will be joining Mercer as part of the restructure. He commented: “This is an exciting new chapter for Jelf Financial Planning, and myself and the team are looking forward to the opportunities that this partnership of two great companies will provide.  Jelf’s mantra from the very beginning has been to place our colleagues and clients at the heart of what we do and this will not change. Over the past 26 years we have built an award-winning business based on this and being in the position to now expand our offering through Mercer, and to help support their strategic aims in this market, is a truly exceptional prospect. We very much look forward to working with our new colleagues – taking both our businesses to the next level.” 

Richard Wilson, a Partner at Mercer, will become head of the combined Financial Planning team, “The UK’s Freedom and Choice reforms ended compulsory annuitisation for defined contribution members. With scheme members able to use their pension savings as they see fit, companies are looking to ensure that they provide employees with access to the best financial advice and information on which to base their wider financial decisions. Jelf’s Financial Planning team is a pivotal part of Mercer’s offering in this area.

“Jelf’s management team has been successfully growing the company in a rapidly evolving market,” he continued. “Our experiences at Mercer are similar so our approaches and culture are already very much aligned. Jelf Financial Planning also employs exceptionally capable, very high quality advisors and staff and an expanded combined group within Mercer provides great career opportunities for both teams. We are looking forward to working together.”

Notes to Editors

About Jelf
Jelf is a leading consultancy supporting businesses and individuals with expert advice on matters relating to insurance, employee benefits, health insurance and financial planning.  Jelf’s purpose is simple: to build a long-lasting relationship with clients and to become their Trusted Adviser.  Formed in 1989 by Chris Jelf, the Group has 36 offices in 33 locations across England and Wales employing over 1,200 members of staff.

For further information about Jelf, please visit

About Mercer
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and careers of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries.  Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With annual revenue of $13 billion and 57,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit Follow Mercer on Twitter @Mercer. In the UK, Mercer Limited is authorised and regulated by the Financial Conduct Authority.