Marsh & McLennan Companies, Inc. (NYSE: MMC), a global professional services firm providing advice and solutions in risk, strategy and human capital, and the Stanford Center on Longevity, a research center at Stanford University, today announced that the two organizations will collaborate to raise awareness and preparedness around lifetime financial security. As part of its previously announced commitment to fund retirement policy exploration, Marsh & McLennan Companies will contribute $1.5 million through 2013 to support the Stanford Center on Longevity’s studies and activities related to financial security.
“Marsh & McLennan Companies is eager to advance awareness and education around issues related to retirement and aging populations. Two aspects of those issues—increased longevity and financial security—are top of mind for governments, businesses and individuals,” said Brian Duperreault, President and CEO of Marsh & McLennan Companies. “Through our Company’s support of the Stanford Center on Longevity, we will take part in forward-looking dialogue on these issues and work to be a catalyst for new ideas and perspectives that benefit the greater good of the aging population and of future generations,” Mr. Duperreault concluded.
“It is a privilege for the Stanford Center on Longevity to receive this support for our programs from Marsh & McLennan Companies,” said Laura Carstensen, Founding Director of the Stanford Center on Longevity. “Our Center aims to connect with the best thinkers, business leaders and policy makers, and we look forward to the insights Marsh & McLennan Companies will provide based on its deep expertise in risk, strategy and human capital.”
Michele Burns, who previously served as Chairman and CEO of Mercer, a subsidiary of Marsh & McLennan Companies, and was named to lead Marsh & McLennan Companies’ retirement policy center exploration last year, will serve as Center Fellow and Strategic Advisor to the Stanford Center on Longevity. She will join Founding Director Laura Carstensen, PhD and Deputy Director Thomas Rando, MD, PhD in providing strategic guidance for the overall efforts of the Center and development of the Financial Security Division of the Center.