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Thermo Fisher schemes sign up for Aon Hewitt Delegated Consulting

London, 12 December, 2013 – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), has been appointed to provide delegated investment services to the Thermo Fisher Scientific pension schemes.

Thermo Fisher Scientific provides analytical instruments, laboratory equipment, software, and other services to the scientific industry, with operations in 21 countries around the world. The trustees of its three UK pension schemes: Fisher Scientific UK Ltd Pension Scheme, Oxoid Pension Scheme and Thermo Fisher Scientific DB Pension Scheme have appointed Aon Hewitt as their fiduciary investment manager. Between them, the schemes have assets of £270 million and have over 2,370 members.

James Coley, chair of trustees, said:
"The Delegated Consulting Services platform enables the trustees to focus on strategy.  Key decisions such as future flight plan are properly taken whilst avoiding the limitations that arise from the focus on short term market conditions and manager performance which so often beset schemes and conspire to prevent them turning opportunity into reality.  Equally, the availability of a wider spread of actively managed asset classes appeals to the trustees' desire for a well diversified asset portfolio not usually available to smaller schemes."

Tim Currell, partner at Aon Hewitt Investment Consulting, said:
"Aon Hewitt was chosen to work with the Thermo Fisher Scientific schemes after our fiduciary management services had successfully managed the US pension plan of the sponsoring employer.
"We are already working with the schemes on providing them with a well managed and diversified growth portfolio, as well as interest rate and inflation hedging. We also carry out daily monitoring and implementation of the schemes' funding level and implement yield triggers."

 

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

Notes to Editors
About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenue of $13 billion, we have approximately 39,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. We create value for our key stakeholders through three premier brands, Thermo Scientific, Fisher Scientific and Unity Lab Services, which offer a unique combination of innovative technologies, convenient purchasing options and a single solution for laboratory operations management. Our products and services help our customers solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity. Visit www.thermofisher.com.


Aon Hewitt Investment Consulting
Aon Hewitt Investment Consulting provides institutional investment advisory experience and knowledge to over $4 trillion assets throughout the world. Our services include alternative financing, compliance/operational due diligence, custody, delegated consulting, flight planning , global asset allocation, governance, liability management, manager research, risk management, risk modelling, risk settlement and transition etc. Our capability is founded on a large and diverse team of investment specialists who include former fund managers, investment bankers, economists and financial analysts among others

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 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
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