Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Retirement Investing

WWW Drops Some Retirement Business

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Human resources consultant Watson Wyatt Worldwide is spinning off part of its retirement business to 2 groups headed by former employees.

WWW, Washington, announced it will spin off its North America multiemployer retirement business to 2 new companies. The agreement covers Taft Hartley plans in the United States and private sector, trusteed plans in Canada.

The companies, Horizon Actuarial Services in the U.S. and PBI Actuarial Consultants in Canada, will be owned and run by current WWW employees, the company says.

WWW says it will have no stake in either company but will receive a portion of their revenues for the next 5 years.

WWW also spun off public pension fund retirement plans some years ago. The moves will help the company focus on its core market of large employers, says Gene Wickes, global director of benefits consulting for WWW.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.