Mercer Wins Henkel Actuary Mandate

German home care products maker, Henkel, has appointed Mercer as its global actuary. With the appointment, the Düsseldorf-based company is seeking to achieve a standardized and streamlined approach with greater transparency for its defined benefit schemes globally.

The company’s German and U.K. pension funds have $2.3 billion and $143 million, respectively, while its U.S. fund has $1.1 million, adds Pensions & Investments. Henkel is seeking to move towards a single actuarial provider.

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