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16/12/2010
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Press

  1. Financial Express acquires eValue from Towers Watson

    Specialist funds analysis company Financial Express today confirms it has acquired eValue, a leading stochastic forecasting business, from actuaries Towers Watson.

    |United Kingdom|

  2. Companies Worldwide View Talent as Biggest Obstacle to Future Growth, Towers Watson Survey Finds

    As companies worldwide begin to position themselves for future growth in the face of an uncertain economic recovery, a new survey by global professional services company Towers Watson finds that concerns over their ability to attract and retain key talent, or to plan for an orderly replacement of talent, could thwart those efforts.

    |Global|Comments

  3. Commercial Insurance Prices Remain Flat, According to Towers Watson Survey

    Overall commercial insurance prices were flat for the seventh consecutive quarter, according to global professional services company Towers Watson's most recent Commercial Lines Insurance Pricing Survey (CLIPS).

    |United States|Comments

  4. Solvency II brings a myriad of opportunities for insurers

    Solvency II presents insurers with a myriad of opportunities to step beyond sole regulatory compliance and develop a competitive advantage, according to Towers Watson. There are, for example, innovative options within Solvency II that allow companies to make use of their own internal models. According to the company’s biennial Insurance Industry ERM survey a significant majority of respondents indicate that they intend to develop internal models for at least some risks.

    |United Kingdom|

  5. Access to more cash at retirement turns pensions upside down

    Relaxing the restrictions on how pension savings are used to provide an income in retirement from April 2011 will have far-reaching implications for individuals’ financial planning, employers’ pension strategies and potentially the future flow of tax revenues to, and expenditure from, the Exchequer, according to Towers Watson. For some people it means topping up their existing pension savings could now be about providing a cash sum at retirement rather than a bigger lifetime income.

    |United Kingdom|

  6. Retirement Benefits Helping Employers Attract and Retain New Workers, Towers Watson Survey Finds

    Retirement benefits — especially defined benefit (DB) programs — are giving employers an added advantage when it comes to attracting and retaining new employees, according to a survey of U.S. workers conducted by global professional services company Towers Watson.

    |United States|Comments

  7. CPI change to affect some pensions more than others

    Towers Watson says today’s announcement on CPI inflation and private sector defined benefit pensions is likely to mean that not all scheme members/employers will see their pension benefits/liabilities cut in the same way. The way in which employers chose to comply with the law in 1997 will determine whether pensions in payment rise with RPI inflation (as previously expected) or CPI inflation (which is usually lower) in future.

    |United Kingdom|

  8. Economic Climate Continues to Hinder Life Insurer Objectives, According to Towers Watson Survey

    While the overwhelming majority (94%) of life insurance industry chief financial officers (CFOs) say they recognize that the economic environment is the major roadblock to their company achieving its growth, profit and risk objectives in 2011, only 20% say they are well prepared to deal with this challenge, according to data from the latest survey from global professional services company Towers Watson, Life Insurance CFO Survey #27: Key Industry Challenges for 2011.

    |United States|Comments

  9. QIS5 brings Solvency II one step closer and builds momentum for the new framework

    The QIS5 exercise* has built real momentum for Solvency II within insurance companies but now they should be actively considering its implications for their businesses.

    |United Kingdom|

  10. Pension schemes to do taxman’s work so high earners can avoid upfront charges

    Towers Watson says that Government proposals, published for consultation today, would allow some of the people exceeding new limits on pension savings to insist that the resulting tax bills be met from their pension pot rather than their current income.

    |United Kingdom|

  11. Towers Watson Forms Strategic Partnership with WageWorks

    Towers Watson (NYSE, NASDAQ: TW), announced today that it has formed a strategic partnership with WageWorks, Inc., the nation’s leading provider of account-based health plan services, that will enable employers to leverage both companies’ strengths in the administration of health and welfare benefits.

    |United States|Comments

  12. Towers Watson bolsters Paris presence in response to growing opportunities in European reinsurance market

    Towers Watson has strengthened its presence in the Continental European reinsurance market by appointing three leading experts to its Paris-based reinsurance team. This expanded team now includes Meriem Yabari, a Qualified Actuary of the Institut des Actuaires, who joins the reinsurance department to lead the team in both casualty and property analytics; Firouzeh Poursardar, a senior broker with expertise in property, casualty and motor insurance; and Jean-Francois Delon, who will head the reinsurance division in France.

    |United Kingdom|

  13. Towers Watson appoints Chris Ford as head of Investment for EMEA

    Chris Ford has been appointed as Towers Watson’s new Investment leader for EMEA with immediate effect. Chris joined the company in 1990 and has held a variety of research, consulting and management positions, including heading the New York Investment practice from 2000 to 2003. On his return to the UK he took responsibility for the Investment strategy team in 2004, then joined the EMEA executive committee in 2007 and thereafter the global practice management team in 2008.

    |United Kingdom|

  14. Solvency II implementation challenges more evident

    The impending implementation of Solvency II and the increasing expectations among rating agencies are driving insurers to continue to bolster their enterprise risk management (ERM) programmes, according to a recent survey conducted by global professional services company Towers Watson.

    |United Kingdom|

  15. Towers Watson Bolsters Corporate ERM Capabilities With the Appointment of Senior Consultant Corey Gooch

    Strengthening its enterprise risk management (ERM) consulting capabilities, global professional services company Towers Watson has named Corey Gooch a senior ERM consultant in its corporate risk management practice.

    |United States|Comments

  16. Towers Watson to Acquire EMB in Move to Expand Consulting and Software Offerings to Property & Casualty Insurers

    Towers Watson, a leading global professional services company, and EMB, a property & casualty consulting and software company, today announced the signing of a definitive agreement for Towers Watson’s acquisition of EMB’s operations around the world.

    |Global|

  17. Employees Struggle to Cope With Growing Health Care Affordability Gap

    As health care costs continue to significantly outpace the rate of inflation and increases in compensation, an affordability gap is placing increasing pressure on employees and eroding satisfaction with their health plans, according to a survey of employees conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|Comments

  18. Insurance M&A Activity Potentially on the Upswing, According to Towers Watson

    An insurance industry merger and acquisition (M&A) market that has recently begun to rebound — underscored by MetLife’s November 1 acquisition of Alico — could see increased activity over the next 12 to 18 months, according to global professional services company Towers Watson.

    |United States|Comments

  19. Redefining Role of Manager Unleashes Hidden Potential of Both Leaders and Teams, Says New Book From Towers Watson Management Experts

    In today's workplace, the word "manager" often carries with it a cringe-inducing stigma — both for those in the role and those reporting into the position. Less than two-thirds of the world's workforce finds its immediate managers effective (just 59%, according to the 2010 Towers Watson Global Workforce Study), and other recent studies cite a significant number of workers prefer not to move into managerial roles.

    |Global|Comments

  20. Holistic Approach to Asset Allocation for Nonprofit Investment Programs Improves Risk Management, According to Towers Watson

    Changes in investment structures and risk management strategies over the past decade have created the need for a new, holistic approach to asset allocation for nonprofit investment programs — especially endowments and foundations — according to a white paper developed by global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United States|Comments

  21. Automatic enrolment - starting pistol fired for employers to prepare

    Employers must now decide how to absorb the costs of providing pensions for more of their employees following confirmation of what the final rules will be, according to Towers Watson. However, there is now one less reason why employers with good defined contribution (DC) schemes might 'level down' after the Government agreed to let them operate under a simplified set of rules.

    |United Kingdom|

  22. Profit streams in standstill market depend on claim management

    The UK personal motor market will remain unprofitable until at least 2015 according to a new survey of leading UK insurers by Towers Watson. The next five years of forecasted poor performance is being driven by a 30% annual increase in the cost of fraudulent claims† and an over-reliance on pricing in an increasingly competitive sector.

    |United Kingdom|

  23. Asia Pacific Leads World for Deal Performance in Third Quarter 2010

    In a quarter that brought positive financial results to deal makers globally, those in Asia Pacific led the pack by a significant margin, beating the MSCI World Index (“the Index”) by an impressive 14.5 percentage points, according to the latest Towers Watson (NYSE, NASDAQ: TW) Quarterly Deal Performance Monitor.

    |Global|Comments

  24. Insurers’ ERM Performance Mixed During Financial Crisis

    The two-year global economic crisis tested the mettle of the insurance industry’s enterprise risk management (ERM) programs. While insurers have performed relatively well, the impending implementation of Solvency II in 2012 and the increasing expectations among rating agencies are driving insurers to continue to bolster their ERM programs, according to a recent survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |Global|Comments

  25. Public sector pensions – employee contribution rise is a sticking plaster

    The £1.8 billion increase in employee contributions to public sector pension schemes which the Chancellor has said the Government will target should only be seen as a temporary solution to the challenge of reforming public sector pensions, according to Towers Watson.

    |United Kingdom|

  26. State Pension Age up by two years for some women

    Some women will get their State Pension almost two years later than they thought owing to an announcement in today’s Comprehensive Spending Review, according to Towers Watson.

    |United Kingdom|

  27. NEST funding means all employers likely to be covered by new pension rules

    The reason for the Government’s decision to go ahead with creating the new National Employment Savings Trust (NEST) may be that the alternative was to exclude small employers from new rules requiring the automatic enrolment of most employees into pension schemes, according to Towers Watson.

    |United Kingdom|

  28. Towers Watson adds three to bolster UK reinsurance expertise

    Towers Watson has strengthened its presence in the London reinsurance market through three appointments to its UK reinsurance team, in response to growing opportunities. The new hires are John Weedon, Dan Bailey and David Tuttlebee.

    |United Kingdom|

  29. Towers Watson Launches Say-on-Pay Shareholder Survey Tool

    In an effort to help companies better connect with their shareholders in the new say-on-pay era, global professional services company Towers Watson (NYSE, NASDAQ: TW) has launched a powerful online survey tool to help companies better understand their shareholders’ views and perceptions on their executive compensation programs.

    |United States|Comments

  30. Old Mutual chooses RiskAgility in preparation for Solvency II

    Old Mutual has selected Towers Watson’s RiskAgilityTM Economic Capital Aggregator (RiskAgility EC) to be a core element in the company’s economic capital calculations and Solvency II internal modelling process. RiskAgility EC will support the long-term savings group in calculating their economic capital requirements by providing the company with up-to-date methodologies in a controlled and robust environment.

    |United Kingdom|

  31. Top Asset Managers Rebound Strongly

    Assets managed by the world’s largest 500 fund managers rose by 16% in 2009 to US$62 trillion at the end of the year. This is in contrast to a 23% loss the year before, according to the Pensions & Investments / Towers Watson World 500 ranking.

    |United Kingdom|

  32. Pensions tax burden shifts back to higher earners

    The Government’s latest proposals for restricting tax relief will shift tax bills back up the income scale, according to Towers Watson.

    |Global|

  33. Pensions to rise by 3.1% instead of 4.6% due to inflation change

    Payments from public sector pensions, the State Second Pension and some private sector defined benefit pensions will rise by 3.1% instead of 4.6% next year, according to Towers Watson. Official statistics released today also make it likely that the Basic State Pension will rise from £97.65 to £102.15 in April 2011.

    |United Kingdom|

  34. Hutton could shave up to £80bn off public sector pension debts

    Lord Hutton’s report could pave the way for billions of pounds of savings on existing public sector pension liabilities as well as changing the terms on which public sector pensions are promised in future, according to Towers Watson. The Government has assured public sector employees that the pensions they have already been promised are safe, but the reforms being considered could still make them cheaper for taxpayers and less valuable for members.

    |United Kingdom|

  35. Employers acknowledge recession’s impact on ability to attract and engage critical-skill talent

    The majority of European companies are facing difficulties in attracting and motivating the critical-skill talent needed to help them rebound and prosper in the wake of the economic crisis, according to the results of new research from global professional services company Towers Watson. The negative impact that cost-cutting measures have had on existing employees is also an issue for employers. As a result, companies are beginning to re-evaluate how they attract, motivate and engage employees.

    |United Kingdom|

  36. Four in 10 U.S. Employees Planning to Delay Retirement, Towers Watson Survey Finds

    Four in 10 U.S. workers are planning to delay their retirement, according to a survey of nearly 9,100 employees by global professional services company Towers Watson (NYSE, NASDAQ: TW). Moreover, a vast majority of workers are prepared to spend less in retirement and are willing to pay more now for greater certainty in their future retirement and health benefits.

    |United States|Comments

  37. Extra pension contributions could preserve child benefit for some higher rate taxpayers

    The Chancellor’s announcement that child benefit will be withdrawn from families where at least one parent pays 40% tax could create strong incentives for people earning just above the higher rate tax threshold to increase their pension contributions, according to Towers Watson.

    |United Kingdom|

  38. Call Centers Playing Increasingly Important Role for Insurers’ Claims Operations, According to Towers Watson Survey

    As claim operations continue to be affected by the uncertain economy, call centers are becoming increasingly important for both personal and commercial insurers’ auto and property lines of business — although in different ways — according to a survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United States|Comments

  39. Employer Health Care Costs Expected to Rise 8.2% in 2011, Towers Watson Survey Finds

    Against a backdrop of continued economic uncertainty, employer health care costs for active employees are projected to rise 8.2% (after plan changes), to an average annual cost of $10,730 in 2011, according to a recent survey of 466 large and midsize employers conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|Comments

  40. Commercial Insurance Prices Remain Level for Sixth Straight Quarter, According to Towers Watson Survey

    While commercial insurance prices continue to remain relatively flat for the sixth consecutive quarter, insurers that utilize predictive modeling in their pricing and risk selection process reported that they were better able to hold price levels, according to global professional services company Towers Watson's (NYSE, NASDAQ: TW) most recent Commercial Lines Insurance Pricing Survey (CLIPS).

    |United States|

  41. Compensation for U.S. Corporate Directors Remained Flat in 2009, Towers Watson Analysis Finds

    Compensation for outside directors at the nation’s largest corporations remained relatively flat last year as most companies continued their cautious approach to spending compensation dollars, according to a new analysis by Towers Watson (NYSE, NASDAQ: TW), a global professional services company. The analysis also found that more companies replaced board and committee meeting fees with fixed retainers for service.

    |United States|Comments

  42. Perfect Storm of New Risks and Regulations Reshape Reinsurance Industry, According to Towers Watson

    The growing complexity of reinsurance markets in recent years has ramped up demands on buyers and radically transformed the industry, according to global professional services company Towers Watson. The company asserts that complex market data, Solvency II implementation, the dual challenges of accessing risk and distributing risk taking are generating the need for reinsurance buyers to achieve a holistic view of capital adequacy in order to invest for future profit and growth.

    |Global|

  43. Majority of Companies Worldwide Having Difficulty Attracting Critical-Skill and Talented Employees,
    Towers Watson Survey Finds

    A vast majority of companies worldwide are having difficulty attracting the critical-skill and talented employees needed to help them rebound and prosper in the wake of the economic crisis. However, the severity of their difficulty in attracting these workers varies greatly from country to country as economic recovery is proving to be uneven in different regions, according to a new survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW) and WorldatWork, an international association of human resource professionals.

    |United States|Comments

  44. Top pension funds on the road to recovery

    Total assets of the world’s largest 300 pension funds grew by over 8% in 2009 to US$11.3 trillion, up by around US$1 trillion from last year’s figure, according to Pensions & Investments and Towers Watson research.

    |Global|Comments

  45. Towers Watson acquires HRS

    Acquisition of leading Swedish-based consultancy positions Towers Watson for further growth in the Nordic region.

    |United Kingdom|

  46. Enhanced annuities sales continue to break records

    The value of enhanced annuity sales in the UK rose to £1.26 billion in the first half of 2010, an increase of 41 per cent compared to the second half of 2009, according to research by Towers Watson. According to the firm, new records for sales were set at £582 million and £676 million in the first and second quarters of 2010 respectively.

    |United Kingdom|Comments

  47. Older Workers’ Confidence in Retirement Security Rebounds, but Remains Below Pre-Crisis Levels,
    Towers Watson Survey Finds

    Older workers’ confidence in their ability to retire comfortably has rebounded modestly in the past year, although confidence levels remain well below those prior to the financial crisis. Additionally, while concerns among older workers with defined benefit (DB) plans have eased, younger workers are growing increasingly worried over their DB benefits, according to a new survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW). The Towers Watson survey, conducted in May and June of 2010, includes responses from nearly 9,100 full-time U.S. workers.

    |United States|Comments

  48. Private Equity Emerges From the Economic Crisis, According to Towers Watson

    Market conditions are now providing opportunities for private equity managers and their investors in selective areas of the market according to new research produced by global professional services company Towers Watson (NYSE, NASDAQ: TW). The research asserts that portfolio company operating performance is stabilizing, pricing for new deals is becoming more compelling from a buyer’s perspective and financing packages are increasingly available for the right businesses.

    |Global|

  49. Towers Watson Ranked Among North America’s Top 500 Technology Integrators by Everything Channel

    Towers Watson (NYSE, NASDAQ: TW), a global professional services company, has been recognized by Everything Channel as one of North America’s top technology integrators. Named to the prestigious VAR500 list for the third time, Towers Watson placed number 193 in the 16th annual ranking.

    |United States|Comments

  50. Life Insurance CFOs See Improved Outlook for Revenue and Net Income Growth for Second Quarter, According to Towers Watson Survey

    Chief financial officers from North American life insurers are generally optimistic about second quarter 2010 results, according to a survey from global professional services company Towers Watson (NYSE, NASDAQ: TW). Those same executives also indicated that the recent financial crisis has not diminished their companies’ interest in retirement income products.

    |United States|

  51. Towers Watson Predicts Reform to Drive Increase in Health Care Consumption

    While financial uncertainties drove many Americans to rein in their consumption of health care services during the recession, the Patient Protection and Affordable Care Act will remove patient out-of-pocket costs for preventive care services under many plans beginning in 2011 and drive an increase in the use of these services, according to Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|Comments

  52. Towers Watson Announces General Availability of New MoSes Financial Modeling Solutions for U.S. Life Insurers

    To help insurers better respond to market volatility and new statutory principle-based approaches (PBA) to regulatory requirements such as AG 43 and C3 Phase III, global professional services company Towers Watson (NYSE, NASDAQ: TW) today announced the general availability of a new suite of advanced financial modeling software.

    |United States|

  53. U.S. Employers Planning Larger Pay Raises for 2011, Towers Watson Survey Finds

    With the economy showing some signs of improvement, U.S. companies are planning to issue modestly larger pay raises to their workers next year. Employees can also expect to receive larger annual bonuses this year as organizations return to profitability, according to two new surveys conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United States|Comments

  54. Towers Watson Names Jon Kocourek Executive Vice President in Its Reinsurance Brokerage Business

    Global professional services company Towers Watson (NYSE, NASDAQ: TW) has named industry veteran Jon Kocourek as an executive vice president in its reinsurance brokerage business, the world’s fourth largest.

    |United States|

  55. Pension Funding Relief Could Provide Between $19 Billion and $63 Billion Reduction in Required Contributions Over Five Years, Towers Watson Analysis Finds

    Employers that sponsor defined benefit (DB) pension plans have the potential to receive billions of dollars in temporary pension funding relief as a result of legislation signed into law last month, according to a new analysis by Towers Watson (NYSE, NASDAQ: TW), a global professional services company. However, while the law may significantly ease financial pressures for some sponsors for at least two years, employers face potentially larger funding obligations after 2011.

    |United States|Comments

  56. Deepwater Horizon Disaster Not a Watershed Event for P&C Insurance Market, According to Towers Watson

    The Deepwater Horizon disaster will not be a major event for the property & casualty insurance industry, according to global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United States|

  57. Executive Pay Expected to Rebound This Year,
    Towers Watson Survey Finds

    Compensation for executives at large and midsize U.S. companies is expected to rebound modestly this year following two consecutive years of pay declines, according to a new survey by Towers Watson (NYSE, NASDAQ: TW), a global professional services company. Additionally, most companies are planning to fine-tune their executive pay programs to further tighten the link between pay and performance as well as address a growing concern over executive retention.

    |United States|Comments

  58. Towers Watson Bolsters Reinsurance Brokerage Business With the Appointments of Senior Vice Presidents Brian O’Neill and Scott Emanuele

    Global professional services company Towers Watson (NYSE, NASDAQ: TW) has named Brian O’Neill and Scott Emanuele as senior vice presidents in its reinsurance brokerage business, the world’s fourth largest.

    |United States|

  59. Retirement Benefits for U.S. Workers Declined 19% Between 1998 and 2008, Towers Watson Analysis Finds

    U.S. workers saw the value of their employer-sponsored retirement benefits — as measured by percentage of pay — decline by double-digit levels over a 10-year period ending in 2008, according to an analysis of eight major industries conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|

  60. Towers Watson cuts the cost of MNT elections

    Towers Watson has developed an online solution that dramatically cuts the cost and time involved in undertaking member-nominated trustee (MNT) elections.

    |United Kingdom|

  61. Towers Watson Boosts Property & Casualty M&A Expertise With the Appointment of Sean P. McDermott

    Strengthening its property & casualty (P&C) mergers and acquisition (M&A) consulting capabilities, global professional services company Towers Watson (NYSE, NASDAQ: TW) has named Sean P. McDermott as a director of P&C consulting services.

    |United States|

  62. North America Leads Deal Performance in Second Quarter 2010

    Companies that completed acquisitions or mergers during the second quarter of 2010 continued to outperform the market, beating the MSCI World Index (the Index) by 3.1 percentage points, according to the latest Towers Watson Quarterly Deal Performance Monitor, the only M&A study to track the performance of global deals.

    |Global|Comments

  63. Annuity Reform – Size is Everything for Minimum Income Requirement

    The Government’s proposed annuity reforms would allow future pensioners to seek better investment returns if they are prepared to risk outliving their money, says Towers Watson. However, according to firm, the eventual significance of the proposal to allow pensioners to access more of their money early on in retirement will depend on the size of the lifetime income that they first need to secure.

    |United Kingdom|Comments

  64. Controlling Cost of Claims Seen as Critical, According to Towers Watson Survey

    Corporate risk and finance managers, faced with the lingering effects of a global financial crisis, dramatically downsized staffs and reduced budgets are becoming increasingly concerned about managing those expenditures as part of their total cost of risk, according to a survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United States|

  65. Pension Funds Allocate Across the Breadth of Alternative Assets

    Alternative assets under management on behalf of pension funds by the world’s largest alternative investment managers remained unchanged in 2009 compared to the year before at US$817bn, according to global research produced by Towers Watson in conjunction with the Financial Times.

    |Global|Comments

  66. Green Paper smoothes path for pan-European pensions

    Today’s European Commission (EC) Green Paper holds significant promise of furthering the development of cross-border pension schemes according to global professional services company Towers Watson.

    |United Kingdom|Comments

  67. Automatic Enrollment in 401(k) Plans Now Dominates at Large Employers, Towers Watson Survey Finds

    A majority of large employers now automatically enroll workers into their 401(k) plans, the nation’s predominant vehicle for employees to save for retirement, according to a new survey by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|

  68. Few U.S. Companies Well Prepared for Executive
    Say-on-Pay Legislation, Towers Watson Survey Finds

    Relatively few U.S. companies are well prepared to put their executive pay programs up to a say-on-pay shareholder vote, although many are taking steps to get ready if pending legislation that would give shareholders a greater voice in executive pay becomes law, according to a forthcoming survey by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|Comments

  69. Talent Management Systems Taking on “Must Have” Status for Human Resources Professionals in the Post-Recession Era

    Though workforces may be leaner following the recession, HR professionals across the U.S. and Canada are supporting the drive for peak employee performance by expanding their commitment to talent management and the technologies that support it. According to the 13th annual Towers Watson survey on HR service delivery trends and practices, HR departments are more confident than ever in the value and efficiencies made possible through enhanced talent management systems. In fact, 42% of the more than 450 companies polled listed “talent/performance systems” as one of their top three HR service delivery issues for 2010. This was not only the most frequently selected issue among respondents, but it was also ranked as the top issue by the largest margin ever in the survey’s history.

    |United States|Comments

  70. Inflation Change Moves the Goalposts on Government Pension Promises

    The Budget announcement that public sector pensions and second-tier State Pensions will rise with CPI rather than RPI inflation from April 2011 means pensioners will get significantly less than they had expected, according to Towers Watson.

    |United Kingdom|Comments

  71. Towers Watson Bolsters Presence in Increasingly Important Florida P&C Market

    Strengthening its presence in the increasingly important Florida property & casualty (P&C) market, global professional services company Towers Watson has appointed two long-time industry veterans with vast experience in the state; Robert Betz and Lloyd Stofko.

    |United States|

  72. Will Big Rise in State Pension Age Include a Birthday Lottery?

    The Government’s review of the State Pension Age could see it rise above 70 by the middle of the century, according to Towers Watson. Documents published today may also open the door to a more dramatic overnight change than has so far been expected.

    |United Kingdom|Comments

  73. Automatic Enrolment Reviewers Must Beware Cliff Edges

    The terms of reference for the review into automatic enrolment risk creating some strange incentives for employers and individuals, according to Towers Watson.

    |United Kingdom|Comments

  74. Towers Watson Sells VIPitech to Algorithmics

    Global professional services company Towers Watson (NYSE, NASDAQ: TW) has sold VIPitech - an actuarial and financial modelling software unit - to Algorithmics in accordance with commitments it made to the European Commission (EC). The sale of VIPitech was a condition to the EC's clearance of the merger between Watson Wyatt and Towers Perrin.

    |United Kingdom|

  75. Towers Watson Appoints Lawrence Racioppo to its Expanding Insurance Brokerage Business

    Global professional services firm Towers Watson (NYSE, NASDAQ: TW) has named Lawrence Racioppo to its insurance brokerage business, serving as leader of the business’s executive liability practice.

    |United States|

  76. £30k-£45k Pensions Cap Could Hit Long-Serving Employees in Final Salary Schemes

    Pension tax changes announced today could lead to an annual tax charge of over £1,000 for a long-serving final salary scheme member earning £60,000, Towers Watson says – depending on how the policy is developed.

    |United Kingdom|

  77. Towers Watson: LDI Strategies Gaining in Popularity Among U.S. Investors

    Spurred on by several regulatory, business and market issues, liability-driven investing (LDI) is becoming more prevalent among defined benefit pension investors in the United States as the dangers of focusing solely on asset returns become more apparent.

    |United States|

  78. Commercial Insurance Prices Remain Level for Fifth Straight Quarter, According to Towers Watson Survey

    A fragile global economy, excess capacity in virtually every line of commercial insurance and last year’s below-average catastrophic losses combined to keep commercial insurance prices flat during the first quarter of 2010, according to global professional services company Towers Watson's (NYSE, NASDAQ: TW) most recent Commercial Lines Insurance Pricing Survey (CLIPS).

    |United States|

  79. Portugal Would Win the World Cup of ‘Employee Team Management’

    If company culture and manager performance is any guide then Brazil and Portugal will contest the World Cup Final on July 11 according to analysis from Towers Watson.

    |Global|Comments

  80. Pension Transfers - Regulator Seeks to Inform Rather Than Prevent

    A statement from the Pensions Regulator indicates that it will not routinely seek to scupper employers’ plans to reduce pension risks by giving members choices, according to Towers Watson.

    |United Kingdom|Comments

  81. Towers Watson Experts Available to Speak to Business Impact of 2010 U.S. Hurricane Season

    As June 1 marked the official start of the 2010 U.S. hurricane season, awareness and preparation are paramount, according to global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United States|

  82. Euroland Risk Remains a Threat to Global Stability

    Recent actions of European policymakers have temporarily reassured markets and only gained them sufficient time to introduce necessary policy measures and consolidate the weak financial outlook according to a Towers Watson report.

    |United Kingdom|

  83. Understanding ‘The New Standards’ in Executive Compensation Equips Leaders With Blueprint for Designing Effective Pay Structures

    Companies are paying closer attention to executive compensation than ever before — in response to growing scrutiny from shareholders, the federal government and others. With stakeholders demanding closer alignment of pay and performance, boards and compensation committees are under intense pressure to ensure that their executive incentive plans are well designed and deliver appropriate rewards for achieving corporate objectives.

    |United States|

  84. Pension Deficits Fall in May Despite Stock Market Losses

    Despite a bad month for stock markets, UK companies’ pension deficits actually shrunk by £7 billion during May, according to Towers Watson. This is because the future rates of inflation that markets anticipate are lower at the end of the month than they were at the start, reducing the expected cost of inflation-linked pension payments.

    |United Kingdom|

  85. More Fortune 100 Companies Offering Account-Based Retirement Plans to New Salaried Employees, Towers Watson Analysis Finds

    The number of large U.S. companies that are replacing their traditional defined benefit (DB) plans with account-based retirement plans for new salaried employees continues to increase, according to a new analysis by Towers Watson (NYSE, NASDAQ: TW), a global professional services company. Account-based plans include defined contribution (DC) plans, such as 401(k) plans, and hybrid pension plans, typically cash balance plans.

    |United States|Comments

  86. Employers Brace for Health Care Reform-Related Cost Increases but Remain Committed to Subsidizing Employee Coverage

    Although U.S. employers view controlling health care costs as their highest health care reform priority, few believe that the recently enacted Patient Protection and Affordable Care Act (PPACA) will stem the tide of rising costs, according to a May 2010 survey by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|

  87. Queen's Speech Paves Way for Big Rise in State Pension Age

    The inclusion of a Pensions Bill in the Queen’s Speech could be the first step towards a much faster rise in the State Pension Age, according to Towers Watson.

    |United Kingdom|Comments

  88. Defined Contribution Enters a New Era

    Defined contribution (DC) pensions require significant re-engineering if they are to better serve millions of individuals worldwide who were exposed to its failings during the financial crisis according to a Towers Watson publication.

    |United Kingdom|

  89. Towers Watson Embraces Voluntary Lifetime Income Options in Defined Contribution Plans

    The U.S. legislative and regulatory framework should facilitate and encourage offering lifetime income options for participants in defined contribution (DC) plans, such as 401(k)s, but the creation of related mandates should be avoided, according to Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|Comments

  90. Cadillac Health Plan Tax to Penalize Majority of Employers by 2018

    Health care reform’s so-called “Cadillac plan” excise tax will affect more than 60% of large employers’ active health plans by the provision’s 2018 enactment, according to an analysis conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|

  91. Life Insurance CFOs Expect to Change How They Determine Capital Requirements, According to Towers Watson Survey

    While they haven’t significantly altered their approach to determining required capital as a result of the financial crisis, most North American life insurance chief financial officers (CFOs) said they are planning to adjust their strategies over the next 12 months, according to data from the latest survey from global professional services company Towers Watson (NYSE, NASDAQ: TW), Evolving Capital Management Practices.

    |United States|

  92. What Will New Minister do to 'Hopelessly Inadequate' Pension Reforms?

    Steve Webb, the new Minister of State for Pensions, is likely to query the way his department is implementing major pension reforms, according to Towers Watson. However, some of the decisions he has previously objected to have their roots in primary legislation with cross-party support so cannot be changed quickly and easily.

    |United Kingdom|

  93. Insurers May be Cutting Corners on QIS5

    QIS5, a comprehensive test of the new Solvency II regime, is scheduled between August and November this year and represents one of the last opportunities for the insurance industry to influence the design and calibration of the new regulatory regime.

    |United Kingdom|

  94. Inflation Breaks Through Pension Increase Ceiling

    Retail Price Inflation was 5.3% in the 12 months to April 2010, according to figures published by the Office for National Statistics today. Towers Watson says this is the first time it has broken through the 5% ceiling which applies to inflation-linked increases to defined benefit pensions earned between 1997 and 2005.

    |United Kingdom|

  95. The Coalition Agreement and Pensions

    The policy agreement published by the Conservatives and Liberal Democrats today contains a number of pension reforms. Towers Watson says the commitment to review the State Pension Age is more significant than bringing forward the earnings link for the Basic State Pension by another year, that higher rate tax relief appears safe at least for now, and that the review of public sector pensions should focus on what is the most cost-effective way of rewarding public sector employees.

    |United Kingdom|Comments

  96. Towers Watson Launches Canadian Rx Coalition – A First of Its Kind Employer Alliance to Transform the $14 Billion Pharmacy Benefit Industry

    As governments scramble to reform the prescription drug market in Canada, Towers Watson today announced the launch of the Canadian Rx Coalition, a ground-breaking new way for employers to manage employee drug plans through a cooperative alliance with other Canadian plan sponsors.

    |Canada-English|

  97. Towers Watson Defends Asset Diversity

    Institutional investors that have diversified their assets away from developed market equities during the past five to ten years will have made the case for diversification as almost every other asset class outperformed these markets during this period, according to an article in Towers Watson’s Global Investment Matters publication. In the article, entitled Is diversification dead?, the firm asserts that the risk of an equity-focused strategy remains high, especially given ongoing economic uncertainty and recommends that investors should seek both existing and new market opportunities to build more diversified portfolios.

    |Global|Comments

  98. Towers Watson Aligns Executive Compensation Consulting Strategy With Evolving Range of Client Needs

    After an extensive three-month review of the executive compensation (EC) consulting market in the U.S., Towers Watson (NYSE, NASDAQ: TW) today reaffirmed its commitment to the EC consulting business, while reorienting its strategic approach to meet the evolving needs of clients. The strategic review was prompted in part by new Securities and Exchange Commission (SEC) proxy rules that require companies in some situations to disclose the consulting fees they pay to firms that provide both EC and other consulting services.

    |United States|

  99. Towers Watson Expands, Strengthens Its Insurance Brokerage Business

    Continuing to expand the depth and breadth of expertise in its insurance brokerage business, global professional services company Towers Watson (NYSE, NASDAQ: TW) has appointed three senior brokers with nearly 85 years of combined experience — Craig Nelson, Steven Watts and Paul Perry.

    |United States|

  100. Recession Dents a Third of Workers’ Retirement Plans

    Employees expect they will have to take more personal responsibility for their pensions over the coming years as the recession puts significant dents in many peoples’ retirement plans, according to research by global professional services company Towers Watson.

    |United Kingdom|

  101. Deal Makers Continue to Outperform the Market, Says Towers Watson’s Quarterly Deal Performance Monitor

    Companies that completed deals during the first quarter of 2010 outperformed the market, according to the latest Towers Watson (NYSE, NASDAQ: TW) Quarterly Deal Performance Monitor.

    |United States|

  102. Election Analysis: Devil in the Detail of Liberal Democrat Pension Tax Relief Plans

    The Liberal Democrat manifesto, published yesterday, says the party favours “giving tax relief on pensions only at the basic rate so that everyone gets the same tax relief on their pension contributions”.

    |United Kingdom|Comments

  103. Common U.S. Health Risks Surface Abroad At Multinationals

    As obesity, work-related stress and chronic disease accelerate among the non-U.S.-based employees of multinationals, the number of multinational companies that are taking a global approach to mitigate these so-called “lifestyle diseases” will double by 2012. These findings were revealed by the Workforce Health Strategies: A Multinational Perspective, a survey conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company.

    |United States|

  104. Conservative Manifesto: What Life Expectancy Forecasts Mean For The State Pension Age

    People retiring in future are on average expected to receive their state pensions for almost two years longer than was expected when the current timetable for increasing the State Pension Age was agreed, according to Towers Watson's analysis of official population projections.

    |United Kingdom|Comments

  105. Employers Taking Action to Address Pension Costs, Towers Watson Survey Finds

    A vast majority of Canadian employers are taking steps to address the ongoing funding crisis facing their defined benefit (DB) pension plans, according to a new survey from Towers Watson, a global professional services company. The majority of employers surveyed also believe the pension funding crisis is likely to remain beyond the next few years.

    |Canada-English|Comments

  106. Labour’s Manifesto – £2bn Cost of Bringing Forward Pension Earnings Link

    Labour’s manifesto commitment to increase the Basic State Pension in line with earnings from 2012 removes the opportunity to save around £2bn a year by the end of the next Parliament and around £4bn a year in the long term by delaying it to 2015, according to Towers Watson.

    |United Kingdom|Comments

  107. DB Deficits Drive Fluctuating Pension Contributions

    The first annual fall in contributions to funded pension schemes to be recorded by the Office for National Statistics (ONS) reflects funding plans for defined benefit schemes that were agreed in relatively benign circumstances and could quickly be reversed, according to Towers Watson.

    |United Kingdom|Comments

  108. Financial Health of Top Corporate Pension Plans Improved in 2009, Towers Watson Analysis Finds

    The financial health of the nation’s 100 largest corporate pension plans improved modestly in 2009, largely due to strong stock market returns, although higher liabilities caused by lower discount rates tempered the overall improvement, according to a new analysis by Towers Watson (NYSE, NASDAQ: TW), a global professional services company. In the first look at actual year-end disclosures, the analysis found that 2009 funding levels and overall pension plan assets increased over 2008 levels, although funding for both years remained well below 2007 levels.

    |United States|Comments

  109. Finance Bill threatens to cast pensions tax net wider

    UK, April 6, 2010 – Draft legislation which is expected to be fast-tracked through parliament this week does not require any inflation-linked uprating of the income levels at which higher earners will be taxed on pension contributions from next April.

    |United Kingdom|

  110. Government Expects 2% NEST Charge to Last Until 2030

    The Government has revealed that it expects the 2% charge levied on contributions to the new National Employment Savings Trust (NEST) pension scheme to last until around 2030.

    |United Kingdom|Comments

  111. Default Retirement Age – Baby Boomers Make Change More Likely

    The Chancellor’s announcement today on the default retirement age suggests that nothing has yet been ruled in or out but demographic pressures make reform look likely, according to Towers Watson.

    |United Kingdom|Comments

  112. Treasury Trebles Estimate of Pensions Tax Set-up Cost

    HM Treasury has trebled its estimate of the one-off costs that pension schemes, employers and individuals will incur as a result of the tax on higher earners’ pension contributions that it is introducing from 2011, according to Towers Watson.

    |United Kingdom|Comments

  113. CSC & Towers Watson Study Reveals U.S. Life Insurers Plan to Improve Enterprise Risk Management Programs

    As the financial climate improves, U.S. life insurers say they will invest to enhance their enterprise risk management (ERM) function in 2010 and beyond, according to a joint study by CSC (NYSE: CSC) and Towers Watson (NYSE, NASDAQ: TW), and in partnership with the American Council of Life Insurers (ACLI).

    |United States|

  114. Public Sector Pension Liabilities now £1.2 trillion

    Unfunded pension promises made to past and present UK public sector workers now amount to almost £1.2 trillion, according to Towers Watson. Including these liabilities would more than double the new estimate of the national debt to be revealed by the Chancellor of the Exchequer in Wednesday’s Budget.

    |United Kingdom|Comments

  115. Jobless Recovery in the U.S. Leaving Trail of Recession-Weary Employees in Its Wake, According to New Study

    The “Great Recession” may have ended, but its impact on the U.S. workforce and employment itself looks to be deep and longlasting, according to the results of new research from global professional services company Towers Watson (NYSE, NASDAQ: TW). The Global Workforce Study (GWS) — a biennial survey of employee attitudes and workplace trends — confirms that the recession has fundamentally altered the way U.S. employees view their work and leaders today, while dramatically accelerating changes to the basic social contract that underpins employment here.

    |United States|

  116. Combination of Actuarial Expertise and Software is the Key to Successful Predictive Modeling, According to Towers Watson

    As the use of predictive modeling among insurance companies becomes increasingly prevalent, the combination of sophisticated actuarial expertise and advanced predictive modeling software to determine optimum pricing and risk selection strategies, will help insurers realize a competitive advantage.

    |United States|

  117. Employers Raising the Bar on Financial Incentives to Improve Worker Health, National Business Group on Health/Towers Watson Survey Finds

    While employers remain committed to offering health and productivity programs, they are frustrated by the inability of many workers to change their health habits. In an effort to encourage healthy behaviors, a growing number of employers are tightening their requirements for workers to receive financial incentives, according to a survey conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company, and the National Business Group on Health (NBGH), a nonprofit association of large U.S. employers.

    |United States|

  118. Two Thirds of Private Sector Employees Not in a Workplace Pension

    New figures from the Office for National Statistics show a continuing decline in the proportion of private sector employees saving in workplace pensions, according to Towers Watson. They also underline the ongoing shift from defined benefit (DB) to defined contribution (DC) pension provision.

    |United Kingdom|

  119. Towers Watson Client Bond Mandates Up by 50%

    The number of bond mandates awarded by global professional services company Towers Watson’s (NYSE, NASDAQ: TW) clients worldwide in 2009 increased by over 50% from 2008, which was already over 20% higher than the year before. The most significant increase in demand was for U.S. bonds, with twice the number of selections in 2009 as in 2008.

    |Global|

  120. Towers Watson, UnitedHealthcare Partner to Design Innovative Solution for Employer-Based Retiree Health Programs

    Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company, and UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, have partnered to develop the Retiree Health Collaborative, a new health care coverage solution for retirees and employers.

    |United States|

  121. Insurers Must Avoid Planning Paralysis Around Internal Models, Advises Towers Watson

    Insurers should avoid planning paralysis and an overreliance on recruitment if they are to convince the Financial Services Authority (FSA) that they are making progress towards Solvency II compliance, warns global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |United Kingdom|

  122. Pension Contributions Increase For Those Who Want Them

    Despite the economic downturn, the average maximum contribution that large employers are making to defined contribution (DC) pensions is increasing, according to a survey of FTSE 100 companies by Towers Watson.

    |Global|

  123. Election Date Choice Could Cost Pensioners (and Save Taxpayers) Over £600 Million

    The Prime Minister’s choice of general election date will affect when the Basic State Pension must be linked to earnings, according to Towers Watson.

    |United Kingdom|

  124. More Employers Eye Changes to Health Benefits to Control Costs, Improve Worker Health Behavior, National Business Group on Health/Towers Watson Survey Finds

    The continuing sluggish economy is forcing a growing number of large U.S. employers to take more aggressive measures to control rising health care costs and motivate workers to take charge of improving their own health, according to a survey conducted by Towers Watson (NYSE, NASDAQ: TW), a global professional services company, and the National Business Group on Health (NBGH), a non-profit association of large U.S. employers.

    |United States|

  125. Economy Having a Significant Impact on Insurers' Claim Operations, According to Towers Watson Survey

    The unsettled economy is having a major effect on claim operations, including rising loss costs, increased levels of litigation and higher rates of fraudulent claims. Further, the current financial environment is putting pressure on insurers’ expense management and expense-related claim performance metrics, according to a survey conducted by global professional services company Towers Watson (NYSE, NASDAQ: TW).

    |Global|

  126. Towers Watson Investment Announces Two New Appointments

    Sydney, 16 February 2010 - Leading global consulting firm Towers Watson has made two new appointments to its Australian Investment Practice to provide enhanced services to its portfolio construction and manager research groups. Alek Misev has been appointed to the Portfolio Construction Group as an investment consultant, while Vineta Salale has been hired as an investment analyst. These appointments follow the announcement of seven recruits in the UK last month.

    |Australia|

  127. Investment Managers Optimistic About Markets in 2010 Despite Uneasiness Around Bond Markets, According to Towers Watson Survey

    Fund managers are confident that higher equity returns and positive, albeit modest, economic growth will manifest a continued global recovery, according to a survey conducted by global professional services firm Towers Watson (NYSE, NASDAQ: TW).

    |Global|

  128. Jason Pope joins Towers Watson's Technology and Administration Solutions team

    Towers Watson has appointed Jason Pope as a client manager in its Technology and Administration Solutions Practice.

    |United Kingdom|

  129. DC governance must be improved quickly

    Towers Watson welcomes the proposals to improve the governance of Defined Contribution (DC) schemes contained in an industry consultation document published by the joint Government-industry Investment Governance Group (IGG).

    |United Kingdom|

  130. Towers Watson Strengthens Its Reinsurance Brokerage Business With the Appointment of Ashley Mims, Senior Consultant

    Global professional services company Towers Watson (NYSE, NASDAQ: TW) has named Ashley Mims, senior consultant in its reinsurance brokerage business, the world’s fourth largest.

    |Global|

  131. Towers Watson Appoints Emma Hunt to Its Growing Sustainability Investment Team

    Global Professional Services company Towers Watson (NYSE, NASDAQ: TW) has recruited Emma Hunt from Mercer Investment Consulting where she was a principal heading up the responsible investment (RI) and active ownership areas in Europe.

    |Global|

  132. NAO Highlights PPF Fears of "Irrecoverable" Deficit

    The Department for Work and Pensions has today published a series of regulations on the workplace pension reforms that are being introduced from 2012. A response to its recent consultation and a regulatory impact assessment for the new regulations has also been published.

    |United Kingdom|Comments

  133. Defined Benefit Plans Outperformed 401(k) Plans During 2007 and 2008, Towers Watson Analysis Finds

    Rates of return for defined benefit (DB) pension plans outpaced those for defined contribution (DC) plans, including employee-directed 401(k) plans, in 2007 and also in 2008, when the economic crisis began to unfold, according to a new analysis by Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company.

    |United States|

  134. PPF Confirms 68% Increase in Risk-based Levies for Strongest Employers

    Employers assumed by the Pension Protection Fund to have least chance of going bust should brace themselves for higher PPF levies in 2011, according to Towers Watson.

    |United Kingdom|Comments

  135. Global Pension Funds Rebound in 2009

    Global institutional pension fund assets in the 13 major markets increased by 15% during 2009, from US$20 trillion to over US$23 trillion, according to Towers Watson’s Global Pension Assets Study released today.

    |Global|Comments

  136. In 2010, Hiring Goes Hand in Hand With Targeted Workforce Reductions, Towers Watson Survey Finds

    The U.S. employment picture looks mixed at best in 2010, with hiring picking up at a majority of U.S. organizations even as some plan to continue making targeted workforce reductions, according to a new survey by Towers Watson (NYSE, NASDAQ: TW), a leading global professional services company. The survey did find signs of optimism, especially predictions that employee productivity and engagement will improve over the next year.

    |United States|

  137. Health Care Reform Will Increase Costs, Reduce Benefits, Towers Watson Surveys Find

    A significant majority of U.S. employers believe health care reform, if enacted, would lead to higher costs for both employer-sponsored benefit programs and health care services overall, according to initial results from an employer survey conducted by Towers Watson and the National Business Group on Health.

    |United States|

  138. Towers Watson continues to expand Investment teams

    Towers Watson has appointed David Holding and Gregory Jackson as investment consultants to its Investment teams in the UK.

    |United Kingdom|

  139. High Fees Dampen Demand For Opportunistic Real Estate Investment

    Towers Watson has turned positive about the strategic case for ‘opportunistic’ real estate investing, as part of a diversified long-term real estate strategy, but warns the associated fees for many vehicles are too high.

    |Global|Comments

  140. Towers Watson Outlines Potential Effectiveness of Enacted and Proposed Policies for Florida Insurance Market

    Global professional services company Towers Watson (NYSE, NASDAQ: TW) has examined several proposed or enacted state policy decisions during 2009 that were designed to begin to reshape Florida’s insurance market and strike a balance among the general price, availability and quality of property insurance.

    |United States|

  141. Funding Levels at Corporate Pension Plans Rebound but Remain Well Below 2007 Levels, Towers Watson Analysis Finds

    Pension funding levels at large U.S. companies improved at the end of last year largely due to the rebounding stock markets. However, lower interest rates, which increased pension liabilities, continued to keep funding levels well below those in 2007, according to a new analysis by Towers Watson, a leading global professional services company. Furthermore, overall pension deficits remain substantial, and companies will need to make large contributions to their plans over the next few years.

    |United States|

  142. More Than 1,000 Defined Benefit Schemes Closed To Existing Members Since 2000

    Almost 1,200 defined benefit schemes closed to existing members between 2000 and 2008, according to figures published by the Pensions Regulator and the Pension Protection Fund this morning. One in five defined benefit schemes had closed to future accrual by March 2009.

    |United Kingdom|

  143. Corporate Deal Makers Have Reason for Optimism, Based on 2009 Financial Analysis From Towers Watson Deal Monitor

    Last year proved to be a reasonably good year for companies completing deals, especially those that closed transactions within their own borders, according to the latest Towers Watson Quarterly Deal Performance Monitor.

    |United States|

  144. Auto-Enrolment - A Timetable But No Decision On The Big Issue For Employers

    The Department for Work and Pensions has today published a series of regulations on the workplace pension reforms that are being introduced from 2012. A response to its recent consultation and a regulatory impact assessment for the new regulations has also been published.

    |United Kingdom|Comments

  145. Ageing of Post-War Babies Piles Pressure on Default Retirement Age

    Officially, the Government is still collecting evidence for its review of default retirement ages but an interview with Harriet Harman, the Leader of the House of Commons, in today’s Daily Mail hints that they may soon be abolished.

    |United Kingdom|

  146. Towers Perrin and Watson Wyatt Complete Merger to Form Towers Watson

    Towers Watson & Co. announced today the completion of the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a leading global professional services company, was announced on June 28, 2009. Watson Wyatt Chief Executive Officer John Haley will serve as Towers Watson’s Chairman and Chief Executive Officer; Towers Perrin Chief Executive Officer Mark Mactas will serve as Deputy Chairman, President and Chief Operating Officer.

    |Global|

  147. Towers Perrin/Watson Wyatt Announce Shareholder Approval of Merger

    Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW), both leading global consulting firms, announced that at their respective special meetings of shareholders, each held earlier today, their shareholders adopted the merger agreement pursuant to which the companies will combine their businesses.

    |Global|

  148. Towers Perrin/Watson Wyatt Merger Cleared by European Commission

    Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW), both leading global consulting firms, today announced that they have been granted conditional clearance from the European Commission to allow the Parties to proceed with their merger to form Towers Watson & Co. U.S. antitrust authorities previously cleared the transaction.

    |Global|

  149. Towers Perrin and Watson Wyatt File Form S-4 as Part of Next Step in Creation of Towers Watson & Co.

    Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW) today announced that Jupiter Saturn Holding Company (“Jupiter Saturn”), the new entity formed as part of the merger process between Towers Perrin and Watson Wyatt, filed a registration statement on Form S-4 with the Securities and Exchange Commission.

    |Global|

  150. Towers Perrin and Watson Wyatt to Combine to Form Towers Watson

    Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW) today announced that their respective Boards of Directors have unanimously approved a definitive agreement under which Towers Perrin and Watson Wyatt will combine in a merger of equals to form a new, publicly listed company called Towers Watson & Co.

    |Global|