Mercer has been appointed by Sandvik AB to provide multiple global actuarial, pensions and benefits services for over 40,000 of its employees across the globe. Sandvik, headquartered in Sweden, is a high-technology, global engineering group which specialises in materials technology, tooling, mining and construction.
Tomas Nilsson Rofes, Vice President Compensation & Benefits at Sandvik, stated: “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 four large markets (Canada, Germany, the UK and US) and manage the company’s benefits globally. Mercer will also support Sandvik in the initial phases of global defined contribution plan management.
Per Myklestu, Global Client Manager and Mercer’s Nordic Market Leader, 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.”
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