Towers Watson has partnered broker MDS to establish a benefits brokerage consultancy in Portugal.

The partnership combines Towers Watson’s consulting experience in pensions, healthcare and risk management with MDS’s experience as an employee benefits broker.

Frederico Jorge, managing consultant in Portugal at Towers Watson, said: “We are delighted to be able to offer a more comprehensive service to employers through this alliance.”

Ricardo Pinto dos Santos, board member of MDS, added: “The partnership with Towers Watson reflects the need to be focused on providing specialist consulting services in the benefits area, especially in the current economic climate.”