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.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
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.