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The Actuary The magazine of the Institute & Faculty of Actuaries
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Mercer seals Sandvik deal

Tomas Nilsson Rofes, vice president, compensation & benefits at the Sweden-based engineering group, said: "Sandvik has been seeking a single provider to manage its global benefits package for its workforce, to enhance good governance and manage costs across the organisation."

Mercer has been appointed global actuary with a view to developing a global pension risk management strategy in over 15 countries. It will also act as defined benefits administrator in Canada, Germany, the UK and US, and manage the companies benefits globally.

Mercer will also support Sandvik in the initial phases of global defined contribution plan management.

Global client manager and Mercer's Nordic market leader, Per Myklestu, said: "This is a global cross-business win for Mercer spanning our retirement, risk & finance, investment consulting, health & benefits and outsourcing businesses. We're very pleased and honoured that Sandvik has chosen to work with us."