LONDON (14 May 2015) - Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has launched a new service for trust-based defined contribution (DC) schemes which brings together the best of Aon’s DC and investment expertise with BlackRock’s administration services.
In the new ‘bundled’ service, DC schemes can benefit from Aon Hewitt’s delegated investment services – in which they can access professionally constructed investment choices which allow trustees to focus on more strategic issues while also having best-in-class administration services, managed by Aon and supported by BlackRock. In this way, schemes have access to BlackRock’s multi-media member engagement technology which supports scheme members throughout the time they save in the scheme. Schemes will also have the option to use Aon’s innovative online benefit platform Bigblue, the market leading member interface.
Sophia Singleton, partner and UK head of DC at Aon Hewitt, said:
“At a time when the focus on DC pensions is greater than ever before, Aon Hewitt is introducing the next step in the evolution of its services to DC schemes. We made our knowledge and experience of fiduciary management available in the Delegated Consulting Services for DC which we announced last autumn and now, working with BlackRock, we can extend those services into administration. This, combined with Aon’s innovative online benefit platform, Bigblue, positions the scheme to achieve the best possible member outcomes.
“This bundled service reflects the increasing trend of schemes looking to combine services from providers. This approach allows schemes to be managed more effectively for all concerned and provides a greater range of services and solutions both to clients and their members.”
Paul Bucksey, head of BlackRock’s UK Defined Contribution business, said:
“This extended offering creates a strong DC bundled solution for Aon workplace scheme clients and their scheme members. Providing people with the tools, investment options and services they need to build a better financial future is at the heart of this initiative.”
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/
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