A top adviser to some of Britain's leading pension funds will make $11m (€9m) when his consultancy firm sells out to its US namesake next month.

Roger Urwin, global head of Watson Wyatt's investment consulting practice, will receive a further $1.9m in July 2007 if the European business hits its performance targets. Urwin, an actuary, trained at Bacon & Woodrow before joining rival consultancy Mercer. After a spell at fund manager Gartmore in the 1980s, he joined Watson Wyatt in 1989.