William M Mercer, the investment consultancy, and Bank Muscat, the largest bank in the Sultanate of Oman, are to combine efforts to provide investment consulting and advisory services to the country's pension funds industry.

The combined services will range from actuarial consulting, investment advice and scheme administration services to the management of pension funds, including asset liability management. The total pensions market in Oman is estimated at $3bn (€3.4bn).