UK - Will Aitken has joined Watson Wyatt as a senior consultant in its defined contribution (DC) pension business, having spent the last 10 years at Aon.
Watson Wyatt said Aitken had experience on the variuos aspects of regulated and DC pensions advice, including group stakeholders, occupational DC schemes, conversions from DB to DC, insured DB schemes, AVCs, salary sacrifice, redundancy and retirement counselling and member presentations.
He will be based in London.
Kevin Stratford, senior consultant at Watson Wyatt, said the UK market was currently witnessing increased demand from clients for DC solutions.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.