Cushon Acquired by WTW | Financial Services M&A Deal

WTW has completed the acquisition of Cushon, a wealth management RIA business in the UK, for $2.4 billion. WTW acquisitions expand its UK defined contribution workplace pensions footprint through LifeSight master trust, while Cushon provides workplace pensions and savings via payroll-integrated technology and a mobile app for savers. Cushon acquisition strengthens WTW’s master trust scale across middle-market employers, with Cushon supporting corporate clients through an ongoing referral arrangement with NatWest Group. This strategic acquisition is an add-on acquisition in financial services M&A, closed after FCA regulatory approval, and increases WTW’s master trust assets to more than £30 billion for about 1.2 million members.