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Aon Hewitt appointed to give covenant advice to trustees of SAUL scheme
NYSE:AON

LONDON 25 June 2014 – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON) has been appointed as covenant adviser to the SAUL Trustee Company, the trustee of the Superannuation Arrangements of the University of London (SAUL).
SAUL is the pension scheme for the non-academic employees of over 50 colleges and institutions that have links with higher education, including most of the University of London, Imperial College and the University of Kent. With more than 38,000 members, the scheme has assets of approximately £2 billion.  Aon Hewitt will be acting as covenant adviser for a six year period, covering two valuation cycles.

Penny Green, chief executive of SAUL Trustee Company, said:
“As part of our ongoing commitment to the highest standards of governance, the SAUL Trustee sought specialist advice to further develop our comprehensive covenant review programme.  Aon Hewitt’s team impressed us with the breadth of their experience, their appreciation of the specific issues that the scheme faces and their knowledge of pension schemes in our sector.”


Aidan O’Mahony, partner at Aon Hewitt, said:
“Aon Hewitt is increasingly active with clients in higher education and has wide-ranging experience of advising both employers and trustees.  It is a sector whose schemes have distinct characteristics and I am sure our knowledge both here and in the wider corporate field will be of benefit to SAUL.”
 

Media Contact: 
Colin Mayes                                         Marina Jane Sanchez
Aon Hewitt                                           Capital MSL
01372 733689                                       020 3219 8811
colin.mayes@aonhewitt.com                 marina.jane-sanchez@capitalmsl.com
 

Notes to editors

About Aon Hewitt
Aon Hewitt empowers organisations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organisational and personal performance and growth, navigate risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness.  Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide.  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 66,000 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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