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.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.