William M Mercer has been appointed as consultant to the pension scheme of boxclever group, the new company formed from last year's merger of the television rental businesses of Thorn and Granada.

Mercer will also provide the fund with actuarial, benefits, and administrative advice, together with documentation and member communication services. The scheme will include defined benefit and defined contribution pension schemes. Under defined benefit schemes the sponsoring company takes the investment risk, whereas under defined contribution schemes the employees take the investment risk.