WTW completes acquisition of Cushon, becoming UK's 4th largest master trust provider with £30bn assets.

Willis Towers Watson (WTW) has finalized its acquisition of Cushon, a UK workplace pension and savings provider, after receiving regulatory approval. This deal boosts WTW's position in the UK's defined contribution pension market, making it the fourth largest master trust provider with over £30 billion in assets and 1.2 million members. Cushon will complement WTW's LifeSight master trust by expanding reach into the middle market, while LifeSight continues focusing on large companies. The acquisition aims to enhance governance, innovation, and value for employers and savers amid evolving pension market demands.