LONDON (6 February 2018) – Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced that its EMEA multi-country defined contribution (DC) solution is now operational, with Dow Chemical concentrating its European DC plans with Aon.
Aon's EMEA DC solution represents an innovative blend of cross-border and local master trusts, delivering compliant DC retirement benefits to employees in different countries. The investment solution and member communications are consistent across jurisdictions and drive better DC member outcomes, enhance financial wellness and improve corporate governance across different countries.
Paul Bonser, senior partner at Aon, said:
“It’s great news that we can welcome Dow Chemical into our EMEA DC solution in Netherlands and the UK, with more countries to follow. DC benefits are becoming ever more important as assets grow and become the main way for companies to deliver retirement benefits. Multinational companies have identified the need to provide their employees with good quality DC retirement benefits across multiple countries and in a manageable way. The challenge until now has been how to achieve this efficiently.
"Aon's EMEA DC solution provides a practical and cost-effective way for multinational companies to deliver on these challenges. It particularly applies to the increasing number of multinational companies who are seeing the value of outsourcing the delivery of DC and the associated risks to a professional provider."
For further information please contact:
Colin Mayes Anelia Fikiina
01372 733689 020 3755 1629
Notes to Editors
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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