Bombardier Transportation appoints Mercer

Rail engineer Bombardier Transportation has appointed Mercer to provide pension scheme actuarial services to the trustees of its three defined benefit (DB) plans across seven schemes, with combined assets of around £1 billion in the UK.

The organisation has more than 26,000 employees across Europe and has yearly revenues of $6.275 million.

Bombardier previously appointed Mercer in 2011 when the organisationadvised the trustees of Bombardier Transportation UK and Bombardier Aerospace UK about a pension plan totaling £2 billion, with £1 billion of liabilities in the UK alone.

Tina Keeling, pensions manager of Bombardier, said: “Our trustee selection panel was impressed with the chemistry of the Mercer team and their ability to deliver a comprehensive and cost effective core actuarial service which was closely joined up with their investment colleagues.”