LONDON (9 March 2016) – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has been reappointed as the actuarial and benefits adviser to the Durham County Council Pension Fund which is part of the Local Government Pension Scheme (LGPS).
The Durham County Council Pension Fund has assets of over £2 billion, approximately 18,000 active members, 13,000 deferred pensioners and 17,000 pensioners and approximately 110 contributing organisations. Aon Hewitt will be assisting Durham County Council, as Administering Authority, in managing the fund and, in particular, in carrying out the actuarial valuations at 31 March 2016 and 31 March 2019.
Don McLure, Corporate Director Resources at Durham County Council said:
“We look forward to continuing to work closely with Aon as actuary to the Durham County Council Pension Fund in the future, during what are likely to be challenging times for LGPS Funds.”
Alison Murray, head of public sector actuarial at Aon Hewitt said:
“Aon Hewitt has worked with Durham County Council since 2003, so the opportunity to extend our working relationship over what is expected to be a period of substantial change in the LGPS is particularly pleasing.
“This reappointment - which follows our appointment by the North Yorkshire Pension Fund and our reappointment by the Tyne & Wear Pension Fund, last year - continues our success in the North-East of England where we advise five LGPS Funds (Northumberland, North Yorkshire, Teesside, Durham and Tyne & Wear).”
For further information please contact:
Colin Mayes Anelia Fikiina
Aon Hewitt CNC
01372 733689 020 3219 8887
Notes to Editors
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