Mercer starts master trust for UK DB schemes

first_imgInvestment consultant Mercer has launched its UK Mercer DB Master Trust, which offers defined benefit (DB) pension plan sponsors the potential for “enhanced governance and economies of scale to deliver better outcomes for members”, it said.Under the trust, Mercer will be responsible for providing all services including investment with fiduciary management, journey planning, actuarial services, covenant assessment, scheme management and administration, with trusteeship provided by independent professional trustees.The employer would maintain ultimate responsibility for the funding of the scheme, an announcement stated.This new solution adds to Mercer’s existing advisory and fiduciary offerings and ensures clients can access a full spectrum of approaches to select the best fit for their individual governance needs, it said. Benoit Hudon, leader of Mercer’s wealth business in the UK, said: “Managing employee pension schemes has become increasingly complex and many organisations suffer from time or cost constraints.”He said these challenges are “particularly acute” for smaller or mid-sized legacy DB schemes where often dedicated in-house expertise lacks, while access to best-in-class capabilities can be expensive.He added that the trust will “potentially reduce fees and improve outcomes”, while also giving members access to the largest administration of private sector pensions in the UK.The Mercer DB Master Trust has evolved from the Federated Pension Plan (FPP), an existing and long-established master trust initially set up by Jardine Lloyd Thompson that currently has around £260m (€280m) of assets and 73 participating employers.Additionally, Independent Trustee Services (ITS) and PTL have been appointed as additional professional trustees to work alongside PAN Trustees, which has been FPP’s trustee for more than 15 years.To read the digital edition of IPE’s latest magazine click here.last_img read more

Water polo rolls over opponents

first_imgAfter winning its first two games of the season, the No. 2 men’s water polo team defeated UC Santa Barbara on Saturday 14-3 in its first home game of the 2016 season and then beat both Whittier and LaVerne in the Inland Empire Classic on Sunday in LaVerne.Coming into the match against the No. 6 Gauchos, the Trojans averaged just 3 goals allowed per game with goalkeepers junior McQuin Baron and redshirt freshman Simon Wu sporting 16 total saves.Against the Gauchos, the Men of Troy were efficient on both sides of the ball. On offense, USC had two players with hat tricks as junior two-meter Lachlan Edwards and leading scorer junior drive Matteo Morelli scored three goals apiece.The Trojans then traveled to the Inland Empire Classic at the University of La Verne to take on Whittier College Poets and the host La Verne Leopards.USC made quick work of both opponents, beating Whittier 27-3 and LaVerne 26-1.Next up for the Trojans is a match against Stanford on the road Saturday.last_img read more

LetsBet.com aims to ‘flip the script’ for casino players in 2018

first_img Related Articles Submit Michael PedersenNew online casino brand LetsBet.com will be launched in early 2018, seeking to become the most engaging destination for online gambling consumers.LetsBet.com is brought to market by Malta MGA-licensed enterprise Pioneer Play Ltd, a new online gambling group founded by Michael Pedersen (CEO), former Scandinavian commercial lead for NetEnt, and Stefan Lind, (CMO) former operations lead at LeoVegas AB.In its mission statement, LetsBet.com states that it wants to create a dynamic proposition for online casino players, combining the best in live streaming, social engagement and player gamification utilities.Pedersen commented: “Most casino operators are in the same boat, faced with limited ability to differentiate their respective core offering, as the same games are available on more or less all sites. That’s why it’s so important to have the courage to stand for something in terms of unique features and marketing concepts – we can’t all serve the same spaghetti Bolognese in our restaurants!“We decided from day one that we wanted to be different, go all-in and dare to stand out!”Stefan LindIn its initial market presentation, Stefan Lind boldly states that LetsBet.com will ‘flip the script’ for online casinos in terms of user dynamics. The new casino brand seeks to develop a series of ‘industry firsts’ in order to engage customers.Plans include ‘daily live broadcasts presented by casino hosts’, a built-in instant messenger function, and gamification rewards seeking to bolster player lifetime values.Lind said: “When you visit a land-based casino, do you sit down at the empty Blackjack table or the one with one seat left and people having fun? Casino players might not always want to directly speak to other players, but it’s clear that they often like to interact with the casino staff and enjoy the indirect presence of other players; that’s what we are trying to replicate using the latest technology.” Pedersen and Lind detail that LetsBet.com will initially launch its services for Scandinavian markets, with the brand seeking further European momentum in its growth ambitions.Letsbet.com is launching through the Together Gaming (BetHard Group) platform, which holds an MGA license. Players will have access to all the premium game titles from providers such as NetEnt, Microgaming, Yggdrasil and Quickspin. Share StumbleUpon TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Share Ray Wilson, AMLGS: Industry deserves praise for its reaction to a new normal July 23, 2020 Genesis to appeal UKGC’s ‘disproportionate suspension’ July 23, 2020last_img read more