LONDON, 4 November 2013 – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has launched ‘Achieving Better Member Outcomes – a Practical Guide to DC Pensions'. The guide gives an overview to trustees and sponsors of all aspects of defined contribution (DC) pensions and also focuses on practical solutions to the current challenges posed by the increasing importance of DC in the UK pensions arena.

Jan Burke, partner and head of DC Consulting at Aon Hewitt said;
“More UK workers than ever are now saving for their retirement via DC schemes rather than via defined benefit schemes.  Even so, the pensions industry has been somewhat slow to adjust to this change and there is a relative dearth of good advice and guidance for those running these schemes - even though they will be the way the majority of the current and future generations of employees will be funding their retirement."

Subjects covered in the new guide include:

- Understanding the plan and setting priorities
- Improving savings rates
- Investment strategies
- Designing the default option
- At retirement – making the right choices
- Improving member outcomes

Jan Burke continued:
“Much of the guidance we have seen tends – and with good intentions – to focus on specific elements of DC schemes but without taking on all their implications.  With this guide we have tried to take a helicopter view of all aspects of DC schemes which we hope will give their sponsors the all-round perspective they need.

"We created this guide because we have seen a clear need to outline the things that trustees and sponsors can do to improve members’ understanding, their scheme's investment strategy and ultimately what is commonly referred to as member outcomes – or more plainly, how well members can afford to pay for their retirement."

Media Contact: 
Colin Mayes                                             Adam Leviton
 Aon Hewitt                                              Capital MSL
 01372 733689                                          020 3219 8800
 colin.mayes@aonhewitt.com                    adam.leviton@capitalmsl.com

Notes to editors

Copies of ‘Achieving Better Member Outcomes – a Practical Guide to DC Pensions' are available from: www.aonhewitt.co.uk/dcpensions

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 65,000 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.