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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Pensions Governance Consultant - Defined Contribution

Full-TimeUpdated
No salary listed
Mid
London, UK+2 moreMore locations: Edinburgh, UK | Manchester, UK
HybridHybrid work; colleagues are expected in their local office or onsite with clients at least three days per week.
ConsultingHuman Capital & Change Consulting

About the job

Requirements
  • Experience in a defined contribution consultancy role.
  • Excellent governance experience.
  • Proven experience managing projects and exceeding client expectations.
Responsibilities
  • Serve as an expert in defined contribution pensions and lead consultant for clients, delivering and promoting services.
  • Manage a portfolio by assessing performance, trends, and business insights to ensure high-quality client service.
  • Take responsibility for proactive revenue generation with existing clients and extend the range of defined contribution services provided by other business lines where appropriate.
  • Manage global defined contribution work, helping clients analyze plans globally and locally and optimize plan design features.
  • Build new business and develop existing business through maintaining relationships, networking, attending events and seminars, and serving as a knowledgeable defined contribution expert.
  • Support and implement Mercer business and corporate strategies as a change agent.
Desired Qualifications
  • Trust-based defined contribution client consulting skills.
  • Proven sales experience developing new business from an existing client base and new clients.

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

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