So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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09-05-2017
Lane Clark & Peacock (LCP) will acquire Aon’s pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany.
LCP has signed a definitive agreement with Aon in a deal that is contingent on the completion of Aon’s impending combination with Willis Towers Watson combination.
The business in Germany will be rebranded as LCP upon completion.
The German pensions consulting market is the third largest in the world, after the US and the UK. Aon’s retirement and investment business in Germany employs 350 people across five offices.
LCP posted a record income of £126.5 million during the financial year 2019/20, an increase of 10.1 percent, with growth seen across sectors including pensions, investments, insurance, energy and health.
2021-05-17T14:25:00+01:00
Aon today announced the firm has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP).
The agreement resolves questions raised by the European Commission with respect to the markets in which these businesses are active. Aon and Willis Towers Watson continue to work toward obtaining additional regulatory approval in all relevant jurisdictions, including the United States, where regulators are conducting an independent review of the proposed combination.
“This agreement demonstrates further momentum on the path to close our proposed combination with Willis Towers Watson,” said Greg Case, Aon’s CEO. “We recognize the significant contributions these colleagues have made on behalf of our clients during their time with Aon. LCP shares with us a culture of innovation and excellence and we know these col
Aon to sell pension, investment consulting units in Germany to LCP
Aon to sell pension, investment consulting units in Germany to LCP
Sale part of Aon effort to secure merger with Willis Towers Watson
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Aon agreed to sell its pension consulting, pension administration and investment consulting businesses in Germany to consultant Lane Clark & Peacock as the firm seeks to secure clearance from the European Commission for its merger with Willis Towers Watson.
In a news release Monday, Aon said the deal with LCP resolves questions raised by the European Commission with respect to the markets in which these businesses are active. The commission has been investigating competition issues related to the Aon-WTW merger since December.
Aon to Sell Pensions Business in Germany, in Another Step to Get EU Nod for WTW Deal insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.