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Aon Hewitt completes acquisition of Babcock's pensions administration business in Caithness
NYSE: AON

LONDON, 11 December 2012 – Aon Hewitt, the global human resources solutions business of Aon plc (NYSE:AON), has announced that it has completed the acquisition of Babcock International Group plc’s Pensions Administration Office (PAO) in Caithness, Scotland.

It was announced in October that Aon Hewitt was purchasing the PAO which is a well-established provider of high quality pensions administration services. Aon Hewitt has taken on its 33 employees and all its clients have agreed to transfer their service agreements to the office. The clients largely comprise public sector final salary schemes and have around 80,000 members.  The office has also expanded its services to administer private sector schemes and those with Defined Contribution (DC) and Career Average Revalued Earnings (CARE) structures.

Stuart Heatley, managing director Benefits Administration (UK & EMEA) at Aon Hewitt, said:

"We have had a very positive reaction to the news of our acquisition of the PAO and, consequently, of our entry into the public sector pension administration market. Our approach with clients in all sectors has always been collaborative – working with and understanding them in order to provide the services and solutions they need.  We are looking forward to extending that to the services we will provide from Caithness.

"We are already engaging extensively with local authority schemes and so far they have confirmed a willingness to embrace new technologies and to hear new ideas, as well as expressing a desire to retain their independence – both for the scheme's administration and for its governance.  We have seen little appetite for mergers or co-mingling of schemes."

Stuart Heatley continued:
"What is clear is that there is an opportunity for new market entrants to bring facilities and ideas which can bring efficiencies to public sector schemes – and this during a period of what looks like being extended austerity. I have every expectation that our new office in Caithness will play a considerable role as we make progress in this market."

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.


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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.

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