PwC buys stake in pension consultant
Big Five firm PricewaterhouseCoopers has acquired a 30% stake in UK-based pension consultancy Callund Consulting Limited.
The acquisition will create a strategic alliance between Callund and PwC’s international pension planning advisory services, at a time when the firm looks to expand its global reach in the field of pension reform.
Callund, which will remain a separate business, specialises in advising governments on reforming their national pension and health schemes and has experience in Russia, Brazil and China where it has assisted companies, including multinationals in the development of employee benefit arrangements.
Commenting on the acquisition, Trevor Llanwarne, a partner in PwC’s human resource consulting practice, said the alliance with Callund will make for a ‘winning combination’.
David Callund of Callund Consulting said the global presence of PwC would enable Callund ‘to respond to the broad demands of governments, in which pension and health reforms are so significant.’