LONDON (10 November 2016) – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has been appointed to provide delegated investment services to the Sevcon Limited Pension Plan.
Aon Hewitt is providing full fiduciary management services to the electrical engineering company’s c.£14 million defined benefit pension plan. This will include the implementation of a diversified range of growth assets alongside a bespoke liability matching portfolio, asset allocation decisions, manager selection and operational oversight.
Paul Farquhar, Chief Financial Officer of the Sevcon Limited Pension Plan said:
“During 2014 we became concerned around the volatility in our funding level and whether we had the right investment managers in place given the uncertainty ahead. We wanted a solution that would help us to stabilise funding level volatility and improve our overall position. At the same time we wanted a portfolio that only invested in the very best managers and could also move quickly and efficiently to capture opportunities.
“We decided to appoint the Aon Hewitt team as we were confident they had the skills and experience of working with schemes such as ourselves to achieve what we needed. We have been using Aon’s fiduciary management solution since early 2015 and are very happy with the results we’ve seen to date.”
Sion Cole, partner and head of European Distribution at Aon Hewitt, said:
“We are delighted that the Sevcon Trustees decided to appoint Aon Hewitt as their fiduciary manager. We worked closely with them to understand their needs and then to design a solution based upon this and their long term objectives. By using our scale and buying power, we have been able to put in place a solution that not only helps Sevcon to achieve their objectives but does so in a cost-effective way.”
Aon Hewitt is one of the leading providers of fiduciary management solutions in the UK and works with over 90 UK pension schemes on a delegated basis, with assets under management of c.£12 billon.
For further information please contact:
Colin Mayes Marina Jane Sanchez
Aon Hewitt CNC
01372 733689 020 3219 8811
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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