Towers Watson CEO on Why Pension De-Risking Trend Will Continue

John Haley is the Chairman and Chief Executive Officer of Towers Watson (TW).
By Susannah Lee ,

John Haley is the Chairman and Chief Executive Officer of Towers Watson (TW). The company advised Kimberly-Clark's (KMB) pension de-risking in February. A few years back, when General Motors (GM) and Ford (F) disclosed they shifted pension plan liabilities to insurers, it was a big deal. But now more companies including Bristol-Myers Squibb (BMY) and Motorola Solutions (MSI) have made similar moves. Towers Watson has also figured out a way for companies to end their obligation to retiree medical plans with its 'Longitude Solution.' As a benefits advisor to Fortune 1000 companies, Haley says he's starting to see the jobs market strengthening with more competitive recruiting. Haley joined the company in 1977 and rose in the ranks but says he regrets never working overseas and advises young people starting their careers to gain a global work experience.

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