Willis Towers Watson (WTW) is looking to corner the market on consulting services for government contractor pension plans, bringing on two experts that have decades of specialized experience in that space.
Government contractors are an attractive industry segment for pension consultants, because they are more likely to have pension plans than most other private companies, and because they often need specialized assistance to navigate the regulations that determine how much the federal government will contribute into those pensions, according to Bill Gulliver, head of the firm’s North America retirement business.
“The government contractor group is one of the sectors where defined benefit plans continue to be an important part of the reward strategy for many of those clients,” Gulliver said. “That’s why we’ve spent a lot of time and effort building significant capabilities in that space.”
Read the full story: Willis Towers Watson stakes its claim to $150bn gov. contracts pension market
Published by Money Management Report/Pageant Media.