Towers Watson

The biggest stories on PP this week were the merger of Towers Watson and the Willis Group, the Pension Scheme of the Year Awards and NEST revealing its retirement blueprint. Here are the top five.

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.

While some schemes are facilitating DB-DC transfers others are more hesitant. Michael Klimes looks at why this is happening

Natasha Browne asks whether TPR is right to say small schemes will never meet its governance targets

Chancellor George Osborne's commitment to austerity might force him to break his promise on the triple lock for state pensions. Michael Klimes finds out why

As the freedom and choice reforms kick in it is more likely retirees will opt to remain invested in the markets rather than purchasing an annuity. The challenge for the industry is how to provide such products that provide sustainable income through retirement...

The master trust LifeSight has appointed PwC as its auditor after a tender involving four other firms.

Towers Watson has urged dynamic investors to take a short-term neutral position on UK and US bond rates after previously recommending a moderately underweight position.