Mercer, a global consulting leader in advancing health, wealth and careers, has announced the appointment of Martyn Phillips as a Partner in its UK Bulk Pensions Insurance Advisory Group. Mr. Phillips will focus on larger transactions, as well as on developing Mercer’s market-leading Mercer Pension Risk Exchange.
In recent years Mercer has been instrumental in driving significant growth in the UK pension risk transfer market. Mercer has been lead advisor and broker for 200+ transactions, including seven of the ten largest buyouts ever in the UK and all five buyouts above £1 billion. An increasing number of pension scheme sponsors and trustees are implementing plans to transfer their pension obligations to insurers and Mercer predicts that this trend will only continue.
Having also held roles at LCP, Prudential, Bacon & Woodrow and Towers Perrin, Mr Phillips joins from JLT where he was Head of Buyouts since 2012. At JLT, Mr. Phillips led on advice in connection with buy-ins, buyouts and longevity swaps.
Commenting on the new appointment, UK Retirement Business Leader, Mark Condron said “With over 25 years of industry experience, Martyn is a great addition to Mercer and the Bulk Pensions Insurance Advisory Group. As we seek to strengthen our lead in this specialised field of strategic advice, I know our clients will appreciate Martyn’s foresight and specialist experience”.
“I am excited to be joining Mercer’s market-leading team”, said Mr Phillips. “I look forward to helping to firmly reinforce Mercer’s ability to support clients of all sizes through well-managed, effective broking processes, leading to enhanced de-risking opportunities for our clients through the use of our innovative Mercer Pension Risk Exchange platform.”
Notes to Editors
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance 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 57,000 employees worldwide and annual revenue exceeding $13 billion, 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 www.mercer.com. Follow Mercer on Twitter @Mercer. In the UK, Mercer Limited is authorised and regulated by the Financial Conduct Authority.