WTW’s UK business will acquire Cushon from NatWest Group

WTW (WTW) and Cushon announce an agreement that sees WTW’s UK business acquire Cushon from NatWest Group (NWG). The deal adds new capability and bolsters WTW’s position in the UK defined contribution master trust space. Cushon adds almost GBP 4 billion in assets under management and 730,000 members to WTW’s portfolio. LifeSight, WTW’s defined contribution master trust, has over GBP 26bn in assets under management and 430,000 members. The acquisition is subject to regulatory approval and is expected to close in the first half of 2026.