LONDON, 9 February, 2015 – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), has announced that its global investment consulting business now holds $54 billion (USD) in assets under management for its delegated investment solutions clients around the world. Delegated investment or fiduciary management as it is also known, involves the delegation by pension fund trustees of day-to-day investment decision-making and implementation to a third party, usually their investment consultant or an investment manager.

Kemp Ross, global head of Solutions and Operations at Aon Hewitt, said:
“We continue to see a strong demand for delegated services globally. To help our clients face their challenges head on, we continue to invest in people and resources throughout the world and are launching new delegated solutions such as delegated defined contribution consulting services, which have launched in the US and UK.”

Globally, Aon Hewitt provides delegated or fiduciary investment management services for 190 plan sponsors, representing 278 pension plans.

In the US, Aon Hewitt Investment Consulting, Inc. has grown its portfolio of clients to more than 100. Total assets under management in the US are $35 billion, up from $26 billion in October, 2013.

Aon Hewitt’s delegated investment business continues to thrive in the UK. Currently, Aon Hewitt provides delegated investment consulting services to 72 schemes, representing over $13 billion (£8 billion) in assets under management, up from $9 billion (£5.5 billion) in October, 2013. Aon Hewitt has expanded its capabilities and has recently added delegated clients in Belgium and Germany.

Sion Cole, partner and head of Client Solutions at Aon Hewitt in the UK, said:
“UK pension schemes continue to have a torrid time as gilt yields collapse yet again and funding positions worsen for those running interest rate risks. As trustees look to manage these risks they also seek greater returns from their assets to help close the funding gaps. Many UK trustees are seeing fiduciary management as a way to help achieve these aims.

“The growth of our UK business shows the trust our clients place in Aon to help them achieve their long term goals. This trust has not been misplaced as 100% of our full fiduciary clients outperformed their client specific liability benchmark and target in the 24 months ending 30 September 2014. We take our responsibility seriously and we remain committed to offering our clients the very best thinking and talent.”

Aon Hewitt’s delegated investment consulting services team works with pension plan sponsors to gain control of the rapidly rising cash and P&L costs, manage volatile corporate pension obligations holistically and dynamically, and helps investment committees execute dynamic polices in order to reduce decision cycle times.

Media Contact:
In the U.S.: MacKenzie Lucas, 001 847-442-2995, mackenzie.lucas@aonhewitt.com
In the UK: Colin Mayes +44 1372733689, colin.mayes@aonhewitt.com

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 retirement 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, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon’s global partnership with Manchester United.