Mercer wins Singapore government mandate

Mercer Investment Consulting is said by well-placed market players in Singapore to have won a mandate issued by the Central Provident Fund to design a private pension scheme. Mercer officials refused to comment. Last autumn, the CPF invited consultants to bid to create concrete proposals to realize the idea of a low-cost private pension plan under the CPF investment scheme's framework. This follows from recommendations by a high-powered Economic Review Committee report that set out …