Towers Watson

The number of face-to-face and over-the-phone guidance sessions provided by the government-backed service Pension wise has reached almost 18,000 since its launch in April.

The trustees of the AXA UK Group Pension Scheme have agreed a £2.8bn longevity swap with Reinsurance Group of America (RGA).

Budget documents have confirmed the lifetime allowance is to be indexed annually in line with the consumer prices index (CPI) from 6 April 2018.

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