AcquisitionsMay 5, 2026, 07:33 AM
WTW Completes Cushon Acquisition, Manages Over £30B Assets
AI Summary
WTW announced the completion of its acquisition of Cushon, a UK workplace pension and savings provider, following regulatory approval. This transaction significantly strengthens WTW's position in the UK defined contribution market, bringing its total managed master trust assets to over £30 billion for 1.2 million members. Cushon will complement WTW's LifeSight master trust, expanding its reach into the middle market while LifeSight continues to focus on large companies.
Key Highlights
- WTW completed the acquisition of UK workplace pension and savings provider Cushon.
- The acquisition strengthens WTW's position in the UK defined contribution (DC) workplace pensions market.
- WTW now manages over £30 billion of master trust assets for 1.2 million members.
- Cushon will expand WTW's master trust reach into the middle market, complementing LifeSight's focus on large companies.
- Cushon previously served nearly 20,000 employers and 755,000 savers with £4.2 billion assets under management.
- A referral agreement with NatWest Group remains in place for Cushon to serve corporate clients.