LONDON, 8 November 2013 – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has announced that it has launched A to Z, its auto-enrolment solution. After a rigorous selection process, Aon Hewitt selected global insurer Zurich to be the pension provider for the solution.

A to Z has been developed for companies which are required to implement auto-enrolment for their workforce in 2014, giving employers a straightforward means of implementation at a reasonable cost. It has a flat annual management charge of 0.50% for all members if they use the Zurich default fund.

Key features of A to Z are:

- Single charged contract with a flat default fund annual management charge (AMC) of 0.50%
- A range of funds with a standard default investment option
- A choice of four contribution structures
- Simple online set up, with online training support and manuals for employers
- Online employee assessment, enrolment, contribution management and administration
- Engaging member communications and online member services
- An optional group life product for the auto-enrolled population, with simple terms and cover

Debbie Falvey, DC Proposition Leader at Aon Hewitt, said:

"While the UK's largest companies have now passed their staging date for implementing auto-enrolment, for numerous small to medium sized organisations the task lies ahead. Our new A to Z auto-enrolment solution is designed to meet their needs.

"In the next year, these employers will be approaching their staging dates – but without the resources and in-house knowledge possessed by many of the larger organisations that have already staged.  A to Z is designed as effectively an off-the-shelf solution which can give these companies the means to auto-enrol their employees onto a sound pension platform and at an economical cost."

Stephen Lefley, Head of Corporate Distribution at Zurich Corporate Savings, said:

"We are really looking forward to working with Aon Hewitt as the pension and risk provider for A to Z - we have been seeking ways to extend an appropriate streamlined offering to a broader employer audience alongside our existing quality service proposition. The Aon Hewitt initiative gave us the opportunity to refine our thinking and through bulk pricing and streamlined front-end procedures we can fulfil our ambition.

“With 29,000 employers staging in the first half of 2014 alone, a reported 90,000 existing schemes set to fail anticipated charge caps and only about 16 DC providers with the capability to absorb the demand, we needed to find a way to deliver a quality DC and an optional risk solution to this group of employers safely. Through our collaboration with Aon Hewitt, Zurich can now supply quality with confidence to an employer audience demanding speed, simplicity and cost effective regulatory compliance."

Debbie Falvey continued:

"In anticipation of any charge caps being introduced, we were very keen at Aon Hewitt to make sure that any provider we selected was able to deliver a product with a total charge for the default fund of 0.50%. Zurich was able to meet that requirement and also to enable that all employers will have access to these terms. That meets our aims perfectly and offers good value to employers."

Media Contact:
Colin Mayes                                     Adam Leviton  
 Aon Hewitt                                      Capital MSL   
01372 733689                                   020 3219 8810   
colin.mayes@aonhewitt.com             adam.leviton@capitalmsl.com  

Christian Zarro
 Zurich UK Life 
 07875 888 210
christian.zarro@uk.zurich.com                                                                                 
 

Notes to editors

For further information on A to Z: www.aonhewitt.co.uk/benefits-solutions

Or email: benefits.solutions@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 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.