LONDON (12 December 2018) – Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has commented on the final report from the Competition and Markets Authority (CMA) on its market investigation of investment consultants.
Tim Giles, head of Investment for UK & Ireland at Aon said:
“We welcome the CMA’s final report on the investment consultant market. Throughout the process our focus has been on our clients and on gaining the best results for all pension scheme members.
“We are already at the forefront of many steps being taken to improve transparency across all sections of the market. We firmly believe that these will ultimately improve outcomes for all pension scheme members.”
Andy Cox, Global Business Officer and head of EMEA/APAC, Investment, at Aon said:
“We are pleased to see that the CMA has maintained its view from its provisional findings that the investment consulting industry is a competitive market.
“Our clients’ best interests have always been at the centre of our thoughts during this process and we believe that in the main the remedies will act to improve the market for both DB and DC schemes. We look forward to working with the CMA, FCA and TPR to ensure that client interest remains at the forefront of the implementation.”
For further information please contact:
Colin Mayes Marina Sanchez
Aon Kekst CNC
01372 733689 07535 693214
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.
Aon announced in May 2018 it will retire the business unit brands of Aon Benfield and Aon Risk Solutions, which follows the retirement of the Aon Hewitt business unit brand in 2017. This move was designed to increase the rate of innovation across the firm and make it easier for colleagues to work together to bring the best of Aon to clients. Aon has five specific global solution lines: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services.
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