Cushon Acquired by WTW | Financial Services M&A Deal

WTW has completed the acquisition of Cushon, a wealth management ria business in the United Kingdom, for $2.4 billion. WTW acquires Cushon to expand its UK defined contribution workplace pensions and master trust offering, adding the Cushon Master Trust alongside LifeSight. Cushon provides workplace pensions and savings through payroll-integrated technology and a mobile app, serving nearly 20,000 employers and hundreds of thousands of savers. The WTW acquisitions are structured as an add on acquisition and are part of financial services M&A to drive scale and governance across middle-market employers. The strategic acquisition closed after FCA approval, with WTW now managing more than £30 billion in master trust assets for 1.2 million members.