Marsh & McLennan’s Mercer Buys Canada Pension Wind-Up Business

Marsh & McLennan Cos., the insurance broker by market value, said its Mercer consulting unit agreed to buy a business in Canada from PricewaterhouseCoopers LLP that helps clients wind-up pension plans.

The acquisition is expected to be completed by the end of the third quarter and will help Mercer expand its retirement consulting business in North America, New York-based Marsh & McLennan said today in a statement that didn’t disclose terms of the deal.

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