UK/IRELAND - Hewitt Associates and Bacon & Woodrow have formally integrated their businesses in the UK and Ireland following the finalisation of their merger.
The integrated operation will be known as Hewitt Bacon & Woodrow. Managing director Richard Moore said: “From the outset, our aim has been to capitalise on the combination of each firm’s consulting and delivery expertise.
“Linking Bacon & Woodrow’s strength in the UK and Ireland with Hewitt’s global presence means that we can offer a new breadth of service and consultancy to our clients.”
He added: “We are looking forward to bringing the advantage of our integration to all our clients. The combination of a local presence with Hewitt’s global network and wide range of services will enable us to help client’s unlock the value of their biggest asset – their people.”
The organisation will have around 1600 associates and will offer a comprehensive range of services backed up by sophisticated research, IT and communications.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.