Recent Press ReleasesTowers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW), both leading global consulting firms, announced that at their respective special meetings of shareholders, each held earlier today, their shareholders adopted the merger agreement pursuant to which the companies will combine their businesses. Approximately 97% of the shares of Towers Perrin common stock issued and outstanding as of November 2, 2009, the record date for Towers Perrin’s special meeting, were voted in favor of adoption of the merger agreement. In addition, Watson Wyatt shareholders approved the combined company’s long term incentive plan. Approximately 99% of the shares of Watson Wyatt Class A common stock present and entitled to be cast on November 3, 2009, the record date for Watson Wyatt’s special meeting, were voted in favor of adopting the merger agreement, and approximately 85% were voted in favor of the long term incentive plan. [December 18, 2009] The number of employers planning to offer annuities to participants in their 401(k) plans is expected to grow as companies look for ways to provide workers with a steady distribution of benefits during retirement, according to a survey by Watson Wyatt, a leading global consulting firm. This finding comes on the heels of an announcement by the Department of Labor in early December that it will explore steps it can take to encourage employers to offer lifetime annuities or similar lifetime distribution options in their defined contribution (DC) plans. [December 17, 2009] Watson Wyatt’s investment outlook for 2010 [December 17, 2009] Sales of enhanced annuities fell to £415.8 million in the third quarter of 2009, a decline of 7 per cent relative to the previous quarterly figure of £447.7 million, according to research by consultants Watson Wyatt. [December 15, 2009]
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