LONDON (29 November 2016) – Aon plc (NYSE:AON) has announced that it has been appointed by Esselte Trustees Limited to provide bundled DC services to the Esselte Group (UK) Benefits Plan.
Esselte is a leading global manufacturer and marketer of office products and business supplies, with subsidiaries in 25 countries and sales in over 120 countries. Aon will be providing the DC section of Esselte’s pension scheme with investment management and member administration services through Aon's recently launched delegated DC services for own trust-based schemes.
Richard Startin, chair of the Esselte Trustee board, said:
“In light of recent regulatory changes to UK pensions, we were very keen to ensure our members had the ability to generate the best possible retirement outcomes for themselves. In order to achieve this we wanted to provide them with access to modern DC services and sophisticated investment funds, which are simple for our members to access. Having considered the options available in the marketplace, Aon’s delegated DC bundled solution offered us the opportunity to do just that, in a way that delivers excellent value to Esselte and its membership."
Andrew Timms, principal consultant at Aon Hewitt, said:
"We are very pleased that the Esselte Trustee board has chosen to extend the long-standing partnership with Aon Hewitt in this way, and we look forward to continuing to deliver a top-class service to them."
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Notes to Editors
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 72,000 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.
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