Towers Watson retains top spot in UK pension consulting market by revenue

clock • 1 min read

Towers Watson Limited - the UK actuarial and pensions consulting business of Willis Towers Watson - has published its 2017 annual report and accounts, revealing it had a turnover of £447.7m during the year.

The accounts - published this week - also revealed the consulting firm made a pre-tax profit of £82.6m during the 12 months to 31 December 2017.

The consultant's turnover was substantially ahead of the next two biggest firms in the market - Mercer and Aon Hewitt, which posted 2017 revenues of £384.3m and £317.6m respectively.

In its accounts, Towers Watson revealed total client chargeable hours had increased by 12% on a pro-rata monthly basis, while revenue per colleague increased to £12,200 per month, compared to £11,800 per month in the 18 month period ended 31 December 2016, an increase of 11%.

See: The UK's biggest pension consulting firms

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PLSA rebrands to Pensions UK, FCA targeted support plans, and Hymans launches sole trustee service

Professional Pensions
clock 04 July 2025 • 1 min read
Broadstone records DB scheme funding improvements amid calmer market conditions

Broadstone records DB scheme funding improvements amid calmer market conditions

Both the fully hedged and half hedged schemes saw improvements in funding

Holly Roach
clock 04 July 2025 • 1 min read
Mixed opinion on whether there is a link between pension fund scale and performance

Mixed opinion on whether there is a link between pension fund scale and performance

PP survey shows some see a link while others do not see a connection

Martin Richmond
clock 03 July 2025 • 2 min read
Trustpilot