Deals & People April 5, 2011

Mercer Names Global DC Consulting Leader

Mercer has appointed Dallas-based consultant Julie Humphries as the Global Defined Contribution (DC) Consulting Leader.
Reported by

Humphries will lead the continuing global development and deployment of Mercer’s DC consulting services and intellectual capital, as well as develop and lead business and sales teams, Mercer announced. She also will become a member of Mercer’s Retirement, Risk and Finance (RRF) Global Management Team and will report to Simon O’Regan, Global Leader of Mercer’s RRF business, and Asghar Alam, Global Leader of Mercer’s Investment Consulting business.   

Humphries most recently served as Mercer’s RRF Market Business Leader in the U.S. Southwest and Southeast regions; she will retain this position until a successor is appointed.   

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Humphries began her career at Mercer in 1990 and rejoined the firm in 2007 from Bank of America, where she held a variety of positions. She holds a Bachelor of Education from University of Georgia and a Master of Arts degree from Georgia State University.   

She also is an Associate in the Society of Actuaries and a member of the American Academy of Actuaries.
Products April 5, 2011

PSCA Offers Access to Annuity Solution

The Profit Sharing/401k Council of America (PSCA) is offering the Hueler Income Solutions platform to its plan sponsor member companies.
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PSCA plan sponsor member companies will be able to provide information about having a fixed payment stream in retirement to interested employees. The Hueler solution includes a Web-based annuity purchasing option that allows employees to compare income annuities from leading insurance companies. This annuity purchasing portal includes an education component but does not include access to guidance.   

The Hueler Income Solutions platform is designed for individuals seeking a fixed stream of income in retirement to augment their investment holdings, workplace retirement plan savings, and Social Security benefits. It allows retirement plan participants to obtain customized quotes on a real-time basis and evaluate directly comparable contracts from multiple companies.   

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Annuity quotes through the platform will be competitive due to competition and the low, fully disclosed, transaction fee. PSCA will not receive any remuneration in the event a plan participant chooses to purchase an annuity through the Hueler platform.    

More about PSCA is at http://www.psca.org.  

More about Hueler Companies is at http://www.hueler.com.

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