LONDON, 28 November 2011 – Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation (NYSE:AON) has announced that it was lead advisor to the Trustees of the Rolls-Royce Pension Fund on  the longevity swap that the scheme has just completed with Deutsche Bank. The swap covers around 37,000 of the pensioner members in the company's final salary pension scheme.

Martin Bird and Matt Wilmington of Aon Hewitt's Risk Settlement Group were the lead advisors to the Trustees and sponsor, on the transaction which covers approximately £3 billion of liabilities.

Martin Bird, managing principal at Aon Hewitt said:
"The Rolls-Royce Trustees entered into the swap to further enhance the security of all the members' benefits. We worked closely with the Trustees to decide that this was the right approach for them to take and also that the swap was structured in a way that offered the best possible terms on price, security and other key longevity hedge features."

Matt Wilmington, principal at Aon Hewitt said:
"This transaction, along with others completed in the last year or so, underlines a continued focus on pensions risk management and in particular the use of longevity swaps as a key risk management tool for both trustees and sponsors." 

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About Aon Hewitt
Aon Hewitt is the global leader in human capital consulting and outsourcing 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
AonCorporation (NYSE:AON) is the leading global provider of risk management, insuranceand reinsurancebrokerage, and human resources solutions and outsourcingservices. Through its more than 61,000 colleagues worldwide, Aonunites to empower results for clients in over 120 countries via innovativeand effective riskand 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 http://www.aon.comfor more information on Aon and http://www.aon.com/manchesterunitedto learn about Aon's global partnership and shirt sponsorship with Manchester United.

Media Contacts: 
Colin Mayes
Aon Hewitt
01372 733689
colin.mayes@aonhewitt.com

Quintin Keanie
Capital MSL
020 7255 5154
quintin.keanie@capitalmsl.com