Nokia USA has decided to outsource the management of its corporate pension plans to Mercer Investments as part of its efforts to streamline operations.

Outsourcing Corporate Pension Management

This move reflects a broader trend in the corporate pension landscape, where companies are seeking to alleviate the financial and operational pressures associated with in-house pension teams.

Outsourced Chief Investment Officers (OCIOs), such as Mercer, Aon, and BlackRock, are increasingly taking over corporate pension assets, allowing companies to offload the complexities and costs of in-house management.

The appeal of outsourcing lies in the ability of OCIOs to leverage their scale and expertise to manage assets more efficiently.

This trend is likely to continue as more corporations recognize the benefits of offloading pension responsibilities to specialized firms.