08:04 AM EDT, 06/11/2024 (MT Newswires) -- Marsh McLennan's ( MMC ) unit Mercer is set to announce the acquisition of pension manager Cardano, which oversees more than 50 billion British pounds ($63.71 billion) in assets, the Financial Times reported Tuesday, citing two unnamed people familiar with the situation.

The acquisition is expected to expand Mercer's footprint in the UK workplace pension market, the report said.

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