Mercer ousts Towers Perrin to become GSO actuary
Zilla Efrat
Mercer has been appointed as the actuary of the $6 billion Government Superannuation Office (GSO), replacing Towers Perrin which had been the incumbent actuary for the past 12 years.
GSO CEO Peter Blight says the appointment follows a public tender, which Mercer won because of its ability to deliver actuarial services to GSO and because of the costs it charges for these services.
As part of the contract, Mercer’s Carl Stevenson becomes the official actuary of GSO, which has around 142,000 members.
The appointment, Blight adds, in no way passes judgement on Towers Perrin. “We were happy with its service,” he says.
Mercer takes over the actuarial reins of GSO on June 1, 2003.
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