Willis Towers Watson

The Pensions Regulator (TPR) has reminded trustees they will be fined if they fail to prepare the new annual governance statements within the statutory deadline.

Almost a fifth of schemes have not reviewed their default investment strategy in light of freedom and choice according to Lifesight, the master trust owned by Willis Towers Watson.

Nearly three-quarters of employees believe they will less comfortable than their parents in retirement, while a fifth are seriously worried about their finances, according to research.

IORP II legislation is finally near completion. PP breaks down what it means for UK trustees

More than 60% of trust-based schemes do not provide access to a flexible drawdown facility, suggesting a slow response to the April freedoms, according to Willis Towers Watson.

Changes to defined contribution scheme (DC) governance over the last five years have not improved member outcomes, according to 61% of pension managers and trustees in a survey.

Willis Group is set to acquire PMI Heath Group in a bid to expand its UK employee benefits and healthcare business - a move that comes just weeks after it agreed to merge with Towers Watson.

Towers Watson has merged with insurance broker Willis Group in an $18bn (£11.4bn) deal to create a wide-ranging global advisory, broking, and solutions provider.

Towers Watson has merged with insurance broker Willis Group in an $18bn (£11.4bn) deal to create a wide-ranging global advisory, broking, and solutions provider.

Towers Watson and Willis Group have announced they will merge in a deal worth around $18bn (£11bn). But what is the rationale behind the move? PP takes a look at the five key reasons behind the amalgamation.