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%.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.