Willis Towers Watson rolls out pooled employer plan

Willis Towers Watson rolls out pooled employer plan
The launch follows the company’s offerings of similar plans in the UK and Europe; Transamerica will serve as record keeper for PEP.
FEB 24, 2023

Willis Towers Watson announced this week that it’s launching a pooled employer plan in the U.S., following its offerings of similar plans in the U.K. and Europe.

Willis Towers said Transamerica will serve as record keeper and administrator for the pooled employer plan, LifeSight PEP.

Pooled employer plans are designed to be used by smaller companies and aim to simplify the work employers have to do to provide a defined-contribution retirement plan for their workers. Willis Towers Watson notes that the LifeSight Pep will make use of many of the services it already provides to employers, such as plan design, governance, investments, outsourced chief investment officer and administration.

“The LifeSight PEP will allow employers to offer a market leading defined contribution plan and employee experience with limited demand on their internal resources, enabling greater focus on strategy and core business,” Michele Brennan, LifeSight U.S. business leader at Willis Towers Watson, said in a statement.

Shape up! How to improve the financial wellness of your employees

Latest News

Financial advisors, what is your volatility game plan for client management?
Financial advisors, what is your volatility game plan for client management?

With targeted "comfort calls" and strategically automated follow-ups, advisors who leverage their CRM systems effectively can show up when clients need them most.

Trump eyes no taxes for Americans making less than $150k, says Lutnick
Trump eyes no taxes for Americans making less than $150k, says Lutnick

The plan could offer $24,000 in relief for some taxpayers, but experts warn of consequences.

No new trial for convicted GPB Capital executives
No new trial for convicted GPB Capital executives

"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.

BlackRock-led deal for Panama Ports draws ire from China
BlackRock-led deal for Panama Ports draws ire from China

Commentary from state-owned publication blasts sale to investor consortium as "spineless groveling," denting Hong Kong-based firm's stock.

Gold soars past $3,000 as Trump turbocharges record rally
Gold soars past $3,000 as Trump turbocharges record rally

Higher interest rates and a strong US dollar, which traditionally act as headwinds, haven't deterred market-stung investors from seeking refuge in the yellow metal.

SPONSORED Beyond the all-in-one: Why specialization is key in wealth tech

In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies