Mercer has been accredited under the Institute and Faculty of Actuaries (IFoA) Quality Assurance Scheme (QAS). The QAS is a voluntary regulatory regime open to all UK organisations employing actuaries, and Mercer is amongst the first group of companies to receive the accreditation. The QAS was launched by the IFoA to improve the quality of actuarial work; to promote confidence in the work of actuaries and to provide an important mechanism by which to identify proactively issues affecting the quality of actuarial work in the UK.
According to Deborah Cooper, Partner at Mercer, “Mercer’s culture and work standards flow from our parent company’s code of conduct, MMC’s ‘Greater Good’, which applies to all colleagues. Following an independent audit of Mercer’s operations and professional standards carried out in December, the IFoA announced on 12 April that Mercer’s application has been successful. The QAS is unique in its focus on actuarial work and our membership is further testament to the effort my colleagues at Mercer take in producing high quality work.
Dr Cooper continued, “The QAS requires organisations to provide relevant staff training and development opportunities, have appropriate supervision and compliance processes and establish an open culture that supports ‘speaking up’. Gaining QAS accreditation across the whole organisation is encouraging us to work even more closely together to ensure our output is fit for purpose. Maintaining our membership of the Standard will demonstrate that we continue to invest in, and develop, our colleagues to support their career progression.”
As required by the QAS, Deborah Cooper will lead a group of Senior Quality Assurance Representatives to ensure that all elements of Mercer’s strategy continue to be aligned with the principles underlying the QAS including the management of conflicts, staff development, compliance and risk.
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 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.