Mercer, one of the world’s largest pension scheme advisers, has been hired by the UK’s largest pension scheme, sponsored by telecoms company BT, for services including advice on implementation of fund manager selection decisions.

BT's pension scheme will rely on Mercer for advice on manager selection and the construction of the portfolio of managers, and on the implementation of decisions. Mercer will also offer its views on strategic asset allocation, although this will be led by the pension scheme staff. Mercer's implemented consulting arm, which manages assets for clients, will provide the services.