Towers Perrin and Watson Wyatt have completed their $4bn (£2.47bn) merger, creating their new firm Towers Watson.
In a release yesterday, Towers Watson said it would begin trading on the New York Stock Exchange and the NASDAQ today. The firm valued the merger, originally announced in June, at $4bn using Watson...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.