Defined Contribution Consulting

At Towers Watson, our focus is on giving clarity to help organisations make the right decisions for their Defined Contribution (DC) schemes. Our DC specialists have the expertise to advise companies on all aspects of DC schemes including plan design, investment, communication, ongoing governance and legislative compliance.

The combination of our expertise, experience and research findings provide a solid foundation for gaining a new perspective and shaping the right solutions for the changing pension landscape.

The introduction of auto-enrolment is one of the biggest changes to private pension provision in living memory. Towers Watson has the expertise and experience to guide clients to compliance and ensure that their benefits package is meeting their objectives.

Key aspects of Towers Watson’s DC services include:

• One of the largest dedicated teams in the UK, working cross-practice and cross-borders, leveraging the experience and skills of our market-leading investment, administration and communication consultants.
• A dedicated DC provider research  team brings significant value and peace of mind to our clients and is built around cutting-edge technology, in-depth knowledge of the DC market, modelling tools and other data to produce objective provider research results.
• A proven track record and significant experience in working with the largest and most complex DC arrangements.
• A strong commitment to delivering industry leading thought leadership and quality surveys to underpin our advice and provide benchmark opportunities.
• Our service, whilst flexible, is built upon a consistent approach to DC thoughout our network of offices, in which the use and development of tools, processes and thought-leadership are shared and coordinated, providing a more efficient and fulfilling experience for our clients.

NEXT automatic enrolment case study

Towers Watson's Phil Percival and John Stevenson - NEXT, Group Pension Manager, discuss the impact of the new auto-enrolment legislation due to be implemented from September 2012.