As part of its moves to win government approval of its merger with Willis Towers Watson, global professional services company Aon is selling its U.S. retirement business to Aquiline Capital Partners and its Aon Retiree Health Exchange business to Alight Solutions for $1.4 billion.
Aon and Willis Towers Watson previously announced the divestiture of Willis Re, a set of Willis Towers Watson corporate risk and broking and health and benefits services, and Aon's retirement and investment business in Germany.
The U.S. retirement business that Aquiline will acquire includes approximately 1,000 employees and includes U.S. core retirement consulting, U.S. pension administration and the U.S.-based portion of Aon's international retirement consulting business, along with many solutions and tools. Aquiline Capital Partners is a private equity firm based in New York and London that invests in financial services, technology, business services and healthcare companies.
Alight Solutions, a business process outsourcing multinational company based in Lincolnshire, Illinois, was a division of Aon until Blackstone acquired it in 2017; it went public via a special purpose acquisition company earlier this year.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
