LONDON (14 September 2016) – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), is encouraging UK pension schemes to review their investment governance to ensure they are best equipped to respond to market dynamics.
In a new white paper, ‘UK Pensions Scheme Investment Governance – can the learnings from the largest schemes in the UK benefit schemes of all sizes?’, Aon has published its research into pension scheme investment governance, based on qualitative interviews with key individuals from 25 of the UK’s largest defined benefit (DB) pension schemes. The schemes, which were drawn from both the private and public sectors, have over £280bn of pension scheme assets.
The research shows that scheme trustees and managers clearly acknowledge the direct link between good investment governance and the financial health of the pension scheme, through better cost management and improved returns.
Mike Rogers, partner and head of Large Clients for Aon Hewitt’s Delegated Consulting Services said:
“Our aim was to gain a better understanding of how some of the largest and most influential UK investors have addressed the issue of their investment governance. This research has shown that even among the largest schemes there are significantly different approaches to governance. However, our interviewees were unanimous that good governance does make a difference.
“The largest schemes are positive that better cost management, integrated risk management, more action-focused reporting and a clear business plan are all key elements of good governance. Changing a scheme’s approach to achieve improvements in these areas is a significant task but it’s also clear that the benefits will more than outweigh the effort involved.”
‘UK Pension Scheme Investment Governance’ is available here.
For further information please contact:
Colin Mayes Sophie Broom
Aon Hewitt CNC
01372 733689 020 3219 8817
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