Integrated Actuarial and Investment Solutions
River and Mercantile Solutions is a leading institutional investment and actuarial advisor and fiduciary manager. We are dedicated to providing our clients with the understanding and tools to successfully meet the investment goals of their institution. River and Mercantile Solutions is a division of River and Mercantile Group PLC, which is publicly traded on the London Stock Exchange (Ticker: RIV).
Rising rates should provide continued good news for many plans, especially those which are more heavily invested in equities, since liabilities will have fallen while assets grew modestly. The FTSE (formerly Citi) Pension Liability Index is now at its highest month-end value since January 2017. This an ideal time for plan sponsors who are in the process of an annuity purchase as they are able to capitalize on the high rates.
River and Mercantile Solutions Expands US Footprint, Adds Two Managing Directors and Opens New York Office
P-Solve (which will be rebranding to River and Mercantile Solutions on July 1) announced today the appointments of Tom Cassara and David Rosenblum as Managing Directors and members of the US Leadership Team. These hires will open an office in New York City as part of the expansion of the firm.
Flat discount rates and equity gains will result in small funded status gains for plan sponsors during May. Year-to-date plans should be ahead of where they were at the beginning of 2018 due to rising interest rates. Discount rates continue to be the driving factor in funded status changes so far in 2018.