News
Defined contribution dominates FTSE 350 pension spending, WTW finds
Its report showed that by the end of 2025, almost three quarters of pension contributions went to DC plans (£7.5bn), with only £2.8bn for DB.
WTW
News
WTW launches AI Workforce Transformation solution to enhance workforce performance
The tool uses WTW’s proprietary data on jobs, skills and work processes, and includes two AI-enabled diagnostics.
News
AI fuels rising job security fears as automation doubles in UK workplaces – WTW
Employers said AI will change how employee experience is delivered, with 59% expecting major shifts in the next three years and 89% in the next decade.
News
LifeSight confirms plans to launch Retirement CDC solution
The scheme will sit alongside existing retirement options and aims to help members turn their DC savings into a steady income during retirement.
News
WTW forecasts UK pension risk transfer market to hit £70bn in 2026
The bulk annuity market is predicted to top £50bn, driven by bigger deals and steady pricing.
Health & Wellbeing
Employee absence costs impact more than half of UK employers – WTW
Mental health stayed the main concern, but musculoskeletal and other long-term conditions grew in importance, with 63% of organisations pointing to these as a key issue in 2025.
Business
NatWest Group agrees sale of majority stake in Cushon to WTW
WTW will acquire all of Cushon in a wider deal, expected to complete in the first half of 2026, subject to regulatory approval.
News
DC pension charges fall as employers focus on retirement outcomes – WTW
The research found average annual management charges dropped from 0.38% in 2017 to 0.28% in 2025.
Compensation & Benefits
Most UK firms set to share pay ranges with staff as pay transparency grows – WTW
The survey found 76% of UK firms intend to share individual pay ranges with employees and 70% plan to share pay range details with external candidates.
News
Plumbing Pensions appoints WTW as outsourced chief investment officer
The appointment is aimed at helping Plumbing Pensions move towards long-term financial stability for its members.
Pensions & Retirement
Professional trustee appointment growth slows to 8% as market matures – WTW
Sole trustee appointments also rose by 8%, compared to 14% the year before, with future growth estimates at about 6% over the next three years.
News
WTW proposes replacement options for ‘broken’ DC pensions
The firm proposed four ways of replacing DC pensions with designs that could help employees achieve better outcomes.