US - Watson Wyatt has announced the acquisition of actuarial and retirement benefits consulting firm Davis Conder Enderle & Sloan (DCE&S).
The deal will see 29 retirement consultants and staff, including 17 actuaries, join Watson Wyatt’s existing staff in Chicago.
DCE&S provides a range of actuarial consulting services for corporate pension and retiree medical benefit programmes.
Watson Wyatt’s US region manager Alan Whalley said the combined consulting resources in Chicago would enhance the company’s ability to serve its target market.
All seven DCE&S principals, including three of the firms’ founders David Conder, Gordon Enderle and Matt Sloan, join Watson Wyatt. The remaining founder, Rowland Davis, had previously retired.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now