WTW Switzerland has taken over the pension advisory business of insurance company Groupe Mutuel, it announced today, a move that reinforces the position of the consultancy in the occupational pension market for corporates.
WTW will broaden the range of services offered to pension funds through synergies generated by the acquisition of the advisory business of Groupe Mutuel, the consultancy said.
Groupe Mutuel offers a full range of pension solutions, particularly through the Fondation Collective Groupe Mutuel and Opsion Vested Benefits Foundation, in addition to technical administration and pension fund management.
The foundations offer all types of companies and associations a platform for managing the occupational pension plans of their employees and members, and for the management of pension assets geared towards medium to long-term investments, it added.
Groupe Mutuel will benefit from WTW’s expertise to further develop its occupational pension offering, and to strengthen its technical administration and pension fund management activities, WTW said.
The synergies achieved will directly benefit clients and pension funds through high-quality, fully complementary services.
WTW and Groupe Mutuel have a strong presence both in the French-speaking market in Switzerland, and at a national level.
WTW has built its position in Switzerland in the field of actuarial, legal and investment advisory services for pension funds, with accredited occupational pension experts in three offices in Zurich, Geneva and Lausanne.
Groupe Mutuel caters for private and corporate customers, offering basic insurance (LAMal/KVG) or supplemental insurance (LCA/VVG), individual retirement benefits and occupational pension plans (LPP/BVG).
Following the takeover, the occupational pension experts at Groupe Mutuel, Sébastien Brocard and Julien Melly, will join the team at WTW.
WTW Switzerland hailed the agreement reached with Groupe Mutuel as a “major step” on the path to develop the companies’ operations in Switzerland.
“This agreement reflects the shared commitment to offer innovative, complementary and tailored occupational pension solutions,” the consultancy added.
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