Swedish global engineering group Sandvik is setting up a global pension risk management strategy for its workforce in more than 15 countries. The firm has hired human resource consulting, outsourcing and investment services provider Mercer to offer multiple global actuarial, pensions and benefits services to more than 40,000 staff members internationally.
Additionally, Mercer will also serve as defined benefits administrator in Canada, Germany, the U.K. and the U.S. The firm will handle the organization’s benefits globally, and will help in Sandvik’s early phases of global defined contribution scheme management.
Click here for the release from Mercer.