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Towers Perrin and Watson Wyatt to merge

Towers Perrin and Watson Wyatt are to merge to create the world’s largest employee-benefits consultancy.

The new business is to be called Towers Watson with Watson Wyatt chief executive John Haley becoming chief executive of the new firm and Towers Perrin chief executive Mark Mactus becoming president.

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On last week’s RDR consultation paper publication

It is very heartening to see the FSA tackling at last the menu of industry failings, in particular, the comm-ission issue, which has been the intermediaries’ Achilles heel for so long.

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