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Paul McGlone Appointed Head of Employer Propositions at Aon Consulting
New appointment part of Aon Consulting's continued focus on client service and growth

LONDON, 11 November 2005 - Aon Consulting, a leading pensions, benefits and HR consultancy, announced today that Paul McGlone has been appointed Head of Employer Propositions in relation to the firm’s pension offerings.  Mr McGlone takes up his new role with immediate effect.

In his new role, Mr McGlone will be responsible for delivering services that meet the specific needs of employers with defined benefit schemes. 

The post has been created in response to legislative changes in the UK pensions market, which has led to a polarisation of the role of the employer and trustee, and an increasing need for separate tailored advice for both parties. 

Commenting on his new role in Aon Consulting, Mr McGlone said, “The combination of demographics, economics and legislation is putting more and more pressure on businesses with defined benefit pension schemes.  For employers with such schemes, even ones that have been closed, there are more issues than ever to deal with.  Having access to advice which is independent from the advice being provided to the Trustees, and tailored to the employer, is increasingly being required by UK businesses.”

Mr McGlone’s career at Aon began in 1991 when he joined as an actuarial trainee.   Since qualifying as an Actuary in 1994, he has provided pensions advice in relation to both DB and DC schemes, has spent time specialising in product development, and spent a year working with Aon in Canada.

Under his new role Mr McGlone will report to Aon Consulting’s Commercial Director, Alistair Connell. 

Mr Connell said: “Paul brings an exceptional range and depth of talents to the role of Head of Employer Propositions. His appointment will further strengthen our commitment to providing employers with tailored advice and a dedicated service offering in the current legislative environment.”                                                                                                                

Mr McGlone holds a MA in Mathematics from the University of Cambridge and is a Fellow of the Institute of Actuaries.

Note to Editors:

About Aon Consulting

Aon Consulting is a leading human capital consultancy, helping organisations of every size to attract and keep the employees they need. We advise on all aspects of employment, including health-related insurance and risk; employee compensation and pensions; human resource strategy planning; job design and change management; and staff assessment and legal issues. Aon Consulting is a division of Aon, one of the UK’s largest insurance broker and provider of risk management services and a major force in reinsurance and the UK human capital consulting market.  Aon Consulting Limited is authorised and regulated by the Financial Services Authority.

About Aon
Aon Corporation (www.aon.com ) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 53,000 professionals in its 600 offices in more than 120 countries.  Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
 
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors.  Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, the heightened level of potential errors and omissions liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001.  Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, are contained in the Company's filings with the Securities and Exchange Commission.
 

 

Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.

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