As recordkeepers continue to consolidate, looking for economies of scale, entrees into new niche markets, and additional services to add to their quivers, Mercer has announced that it has entered a strategic alliance with Transamerica.

According to Mercer, Transamerica will acquire Mercer’s U.S. defined contribution (DC) administration book of business, and it will also become Mercer’s preferred DC recordkeeping provider.

The transaction is expected to close by the end of 2015.

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