All Willis Towers Watson articles – Page 3

  • Podcasts
    Podcasts

    Podcast: Market capacity may be barrier to DC scheme consolidation

    2021-08-05T00:00:00Z

    Podcast: There may be limited capacity in the master trust market to take on a rush of defined contribution pension funds as the government continues with its consolidation push, according to Kim Gubler, chair of the Pensions Administration Standards Association, and David Saunders, senior partner elect at Sackers. In this episode, our panellists also discuss Aon and Willis Towers Watson’s abandoned merger, new developments in the pensions dashboards project and the regulator’s review of schemes eligible for the Fraud Compensation scheme.  

  • News on the go
    News

    Aon and WTW cancel $30bn mega-merger

    2021-07-26T00:00:00Z

    On the go: Aon and Willis Towers Watson have abandoned their planned $30bn (£21.7bn) merger after an intervention from the US Department of Justice.

  • News on the go
    News

    Employers eye better master trust options as market matures

    2021-07-12T00:00:00Z

    On the go: Investment consultancy Willis Towers Watson is predicting a secondary defined contribution master trust market could emerge as one in eight early adopters of the pension solution have revealed they will look to review their providers. 

  • Wolfgang von Brauchitsch/Bloomberg
    News

    Are schemes ready for climate-related financial disclosures?

    2021-07-07T00:00:00Z

    In August 2020, the Department for Work and Pensions launched a consultation on the recommendations of the Task Force on Climate-related Financial Disclosures, under which pension schemes with £5bn or more in assets, including authorised master trusts, would be required to have reporting metrics in place by this October and to publish climate risk disclosures by the end of 2022. 

  • Dreamstime
    News

    Govt plans green bonds issue, but should schemes take the plunge?

    2021-07-06T00:00:00Z

    The UK government has an ambitious climate and environmental agenda and is set to issue its first green gilt in September 2021, with at least one more issue before the end of the year. Green gilts to the value of £15bn will be issued in the 2021-22 financial year.

  • News on the go
    News

    LifeSight aims to be net-zero by 2050

    2021-07-01T00:00:00Z

    On the go: LifeSight, Willis Towers Watson’s defined contribution master trust, has announced it is committing to the goal of net-zero greenhouse gas emissions across all of its default investment strategies by 2050, while targeting at least a 50 per cent reduction by 2030. 

  • News on the go
    News

    Givaudan scheme completes £64m buy-in with Aviva

    2021-06-23T00:00:00Z

    On the go: The Givaudan UK Pension Plan has completed a £64m buy-in transaction with Aviva, covering the pensioner liabilities for 277 members.

  • News on the go
    News

    Schemes urged to hire independent trustees for better governance

    2021-06-22T00:00:00Z

    On the go: Pension schemes should appoint an independent professional trustee that can help navigate the increasing complexity and risk involved in day-to-day operations, Willis Towers Watson has advised.

  • News on the go
    News

    Eastman schemes appoint WTW as fiduciary manager

    2021-06-21T00:00:00Z

    On the go: The Eastman Chemical Company’s three UK defined benefit pension schemes have selected Willis Towers Watson as their fiduciary manager and awarded a combined actuarial and administration services contract to WTW’s OneDB service.

  • News on the go
    News

    Pension schemes should have climate risk integrated by 2026

    2021-06-16T00:00:00Z

    On the go: Pension schemes expect to have fully integrated climate risks into their business processes by 2026, according to a poll carried out by Willis Towers Watson. 

  • News on the go
    News

    Only half of trustee boards conduct governance reviews

    2021-06-08T00:00:00Z

    On the go: Only half of defined benefit scheme trustee boards review their effectiveness annually, which shows the industry still has some way to go when it comes to governance, according to Willis Towers Watson.

  • News on the go
    News

    Aon sells US businesses to complete merger with WTW

    2021-06-03T00:00:00Z

    On the go: Aon has sold two US businesses in order to complete its merger with Willis Towers Watson, after concerns were raised by the US Department of Justice.

  • News on the go
    News

    Engineering consultancy moves DC scheme to LifeSight

    2021-05-25T00:00:00Z

    On the go: The Ricardo International Pension Scheme, with 2.500 members and £125m in assets, has been moved into the LifeSight master trust.

  • News on the go
    News

    Fujitsu pension plan signs £3.7bn longevity hedge

    2021-05-13T00:00:00Z

    On the go: The ICL Group Pension Plan, a Fujitsu pension scheme, has insured longevity risk in respect of £3.7bn of its liabilities, with Swiss Re providing the reinsurance coverage.

  • Fotoware
    News

    UK pension schemes under-allocated to Chinese equities

    2021-05-05T00:00:00Z

    UK pension schemes’ allocation to China as a percentage of global equities is generally inadequate, but there is no consensus as to how big the allocation should be, according to participants at Camradata’s Investing in China roundtable.