Mercer acquires the Positive Ageing Company
- Acquisition to help UK companies respond to challenges of ageing workforce
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 it has acquired the Positive Ageing Company.
Founded in 2012, the Positive Ageing Company is the UK’s leading independent advisor on issues surrounding the Ageing Workforce. The firm’s objective is to help employers and employees manage the financial, care and health impact of ageing. The company’s noted AgeingWorks platform is a digital health, wellbeing and eldercare platform. The platform provides employees with comprehensive information, support, tools and resources helping them deal with their own personal ageing issues and those of their loved ones.
“Mercer’s Ageing Workforce Research showed that 84% of companies know that they need to change how they respond to the challenges posed by an ageing workforce. However, there is still much inactivity - many firms are simply unsure how to take the first step,” said Fiona Dunsire, Mercer’s UK CEO and Market Leader. “The Positive Ageing Company will support employers in taking that first step. The company is a true disruptive innovator providing employees with vital information on a wide range of topics and relaying information on employee needs back to the employer.
“Mercer is committed to helping companies advance the health, wealth and careers of their employees and the acquisition of the Positive Aging Company is another step in the expansion of our capabilities and our UK business growth. We are delighted to welcome them to the Mercer team.”
According to Mike and Chris Minett, Co-Founders of the Positive Ageing Company, “We are excited to be joining Mercer because we have a shared vision - to enable organisations, their employees and ultimately their families to age well. Having engaged with over 200 of the UK's largest employers, it is clear that, for the vast majority, the impact of our ageing demographics on their business is still not clear. Many organisations do not yet fully realise the significant impact that our ageing society is having on their workforce, their customers and their bottom line or more importantly the opportunities to be realised. Mercer sees the value what we do and the benefits that it brings to their clients. We are delighted to be joining them.”
According to Tony Wood, Partner and UK Head of Mercer Marsh Benefits, “It is estimated that one in three of the UK workforce will be over the age of 50 by 2020 and one in every 9 workers will be a carer, so the personal and business impact of ageing and caring for an increasingly elderly population will continue to grow. This acquisition and the knowledge that it brings to Mercer will be invaluable for our clients.”
Chris and Mike Minett will report into Tony Wood. Terms of the transaction were not disclosed.
Notes to Editors
About The Positive Ageing Company
The Positive Ageing Company is on mission to positively change the way the world thinks and acts about ageing. Leaders in eldercare support and employee engagement programs that help organisations to support, engage and retain their valuable talent. The company’s AgeingWorks® platform is a cloud-based, easy to deploy and use, program that includes information, support, guidance and resources, employee communication tools and data analytics coupled with offline education and training. Providing employees with support, tools and guidance on age related and eldercare issues is an effective way of reducing stress and absence, whilst increasing wellbeing, productivity and retention, especially in the context of an ageing workforce, ‘sandwich generation’ employees, working carers and expat, distance workers. For further information about The Positive Ageing Company, please visit our website http://positiveageing.co/ageingworks/
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. Marsh is a leader in insurance broking and risk management; Guy Carpenter is a leader in providing risk and reinsurance intermediary services; Mercer is a leader in talent, health, retirement and investment consulting; and Oliver Wyman is a leader in management consulting. With annual revenue of $13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies provides analysis, advice and transactional capabilities to clients in more than 130 countries. The Company is committed to being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more information and follow us on LinkedIn and Twitter @MMC_Global.