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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Marsh and McLennan Companies Inc | NYSE:MMC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.25 | 1.13% | 201.52 | 201.53 | 199.69 | 200.05 | 1,445,801 | 01:00:00 |
Based on the latest Mercer/CFO Research survey:
With the benefit of a decade of generally positive market performance, a growing number of plan sponsors report improvements in their funded status, making it more economically feasible for many defined benefit (DB) plans to actively de-risk and rethink their investment governance approaches. That’s a key conclusion of the latest Mercer/CFO Research 2019 Risk Survey, “Pension Management: Creating a Roadmap to Success,” released today.
“Given the challenges of increased market volatility and uncertain costs plan sponsors face today, many are reevaluating how they want to achieve their long-term pension plan goals,” said Matt McDaniel, Partner, US Financial Strategy Group, Mercer. “We are seeing many sponsors take a critical look at their strategic roadmap, including the supporting policy actions and governance structures that will guide them into the future. There was an acceleration of such activity in the past two years, and plan sponsors expect continued evolution in the next few years.”
Among the survey’s key findings:
“Sponsors have to manage all their plan risks while remaining in operation,” said Chris Mahoney, US Wealth Leader, Mercer. “Many plan sponsors struggle to find time and expertise internally to fully meet their investment strategy oversight obligations. In light of the rising interest in de-risking, we are seeing a significant jump in the percentage of companies outsourcing, or considering outsourcing, some or all of their investment strategy and execution through a delegated solution.”
Mercer and CFO Research will host a webcast to present the 2019 survey results on June 26, 2019 at 12:00 p.m. EDT. Registration for the webinar can be found here.
About the survey methodology
CFO Research and Mercer have been conducting this biennial defined benefit pension risk survey since 2011. As in past years, this year’s edition drew responses primarily from 155 senior executives including CFOs, CEOs, and finance directors, all based in the U.S. and representing a wide range of industries. Just over half the respondents represent organizations with annual revenue between $500 million and $5 billion.
About Mercer Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With 75,000 colleagues and annualized revenue approaching $17 billion through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
ABOUT CFO RESEARCH CFO Research, an Argyle company, has been a trusted source of insight into the business issues that matter most to finance professionals since its founding in 2000. CFO Research is the sister firm of CFO Magazine, and relies on senior finance executives to share their experiences, insights, and observations on critical business issues. This cutting-edge research supports critical business decisions by our sponsors, as well as their thought leadership positioning and marketing efforts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190625005200/en/
Alayna Francis +44 207 178 3378 Alayna.Francis@mercer.com
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