LONDON, 21 November 2012 – Aon Hewitt, the human resource solutions business of Aon plc (NYSE: AON), has asked that the Government should resist making any changes to the pension tax system.

Liam Mayne, senior consultant at Aon Hewitt said:
"Reports have indicated that the Government is considering revisiting the decision it made less than two years ago, when the annual allowance was set at £50,000.

"More significant changes, coming off the back of those in 2006, 2009 and 2011 would further undermine the stability of the pension tax system.  This is also at a time when with the introduction of auto-enrolment, the Government is trying to engage with both companies and the general population to get more people saving for retirement."

Liam Mayne continued:
"We would urge the Government to leave the pension tax system well alone until at least 2015/16 when it is committed to reviewing the current levels of the lifetime and annual allowances.  There needs to be more time for the new regime to bed in and for confidence to grow in it.

"Many companies have invested significant resource in re-designing their reward packages for those affected by the reduced annual allowance.  They really don't need to repeat that process within the space of two years."

Media Contact:    

Colin Mayes                                             Adam Leviton

 Aon Hewitt                                              Capital MSL

 01372 733689                                         020 7307 5339

colin.mayes@aonhewitt.com                  adam.leviton@capitalmsl.com

Notes to Editors

About Aon Hewitt 
Aon Hewitt is the global leader in human resource solutions.  The company partners with organisations to solve their most complex benefits, talent and related financial challenges, and improve business performance.  Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies.  With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com. 

About Aon
Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.