Skip to main content
Opens in a new tab External site
Aon supports IRM Guidance and shows how it can be implemented
NYSE:AON

LONDON (8 December 2015) – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has commented on the Integrated Risk Management (IRM) Guidance issued today by the Pensions Regulator.

The Pensions Regulator has issued guidance for trustees of defined benefit (DB) schemes to help them integrate the key issues for member security of funding, investment and covenant. This builds on the 'Code of Practice on Funding Defined Benefits' schemes, issued in July 2014, and 'Assessing and monitoring the employer covenant', issued in August 2015.

John Coulthard, partner at Aon Hewitt said:
"We welcome the additional guidance from the Pensions Regulator.  However, although there are 13 questions at the start for trustees and employers to answer, there are many more buried throughout the document.  I believe that trustees and employers will need additional support to decide how to implement this in the proportionate way called for by the Pensions Regulator."

Zoe Taylor, principal consultant at Aon Hewitt explained:
"When advising on investment, I know my advice must be tailored to the client's circumstances. For example, that the level of investment risk taken is appropriate for the covenant and the funding strategy.

“Linking covenant, funding and investment is an integral part of Aon's ViewPoints approach. The best outcomes are achieved when they are driven by an understanding of our clients' situations, beliefs and bring all factors together to provide a comprehensive solution.“

Aidan O'Mahony, partner and Head of Covenant Advice at Aon Hewitt, said:
"This guidance puts covenant at the heart of a scheme's risk analysis, decision-making and contingency planning. I believe that this will lead to better security for member's benefits."

 

Media Contact
For further information please contact:
Colin Mayes                                          Marina Jane Sanchez
Aon Hewitt                                             CNC
01372 733689                                         020 3219 8811
colin.mayes@aonhewitt.com                   marina.jane-sanchez@cnc-communications.com

Notes to Editors
About Aon

Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 69,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com/

Follow Aon Hewitt on Twitter: https://twitter.com/AonHewittUK
Sign up for News Alerts: http://aon.mediaroom.com/index.php?s=58
 

 

 

Media Resources

Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below.

Media Contacts
Media Releases
Media Kit
Featured Updates