Mercer has been hired by the Celestica (U.K.) Pension Plan to offer implemented consulting services, Professional Pensions reports. Mercer will manage £100 million of pension fund assets and implement its de-risking solution to allow the plan trustees to remove financial risk from the fund.

The consultant will carry out an investment strategy review and work with the trustees and the company to set initial objectives around the funding target, time horizon and risk preferences. Mercer will look at a strategy based on growth and liability matching portfolios, along with funding level triggers for shifting assets between the portfolios.

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