Mercer under fire after 10-month DB transfer
‘Abnormally long’
Felix Milton: "These are the biggest DB schemes administrators in the country so they should have robust processes in place to be able to do [the transfer], but clearly not."
Investment consultancy and human resources firm Mercer has come under fire after taking ten months to complete a defined benefit (DB) transfer.
Philip J Milton Chartered financial planner Felix Milton, told Professional Adviser he posted all of the necessary documents for the DB transfer to Mercer on 24 September 2018. The client wanted to transfer...
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