Aon Hewitt Delegated Investment Solutions Reaches $54 Billion in Assets Under Management Globally

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Feb 09, 2015, 09:00 ET

LINCOLNSHIRE, Ill., Feb. 9, 2015 /PRNewswire/ -- Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), today announced that its global investment consulting business now holds $54 billion (USD) in assets under management for its delegated investment solutions clients around the world. Delegated investment or fiduciary management as it is also known, involves the delegation by pension fund trustees of day-to-day investment decision-making and implementation to a third party, usually their investment consultant or an investment manager.

"We continue to see a strong demand for delegated services globally," explained Kemp Ross global head of Solutions and Operations at Aon Hewitt. "To help our clients face their challenges head on, we continue to invest in people and resources throughout the world and are launching new delegated solutions such as delegated defined contribution consulting services, which have launched in the U.S. and U.K."

Globally, Aon Hewitt provides delegated or fiduciary investment management services for 190 plan sponsors, representing 278 pension plans.

In the U.S., Aon Hewitt Investment Consulting, Inc. has grown its portfolio of clients to more than 100. Total assets under management in the U.S. are $35 billion, up from $26 billion in October, 2013.

Aon Hewitt's delegated investment business continues to thrive in the U.K. Currently, Aon Hewitt provides delegated investment consulting services to 72 schemes, representing over $13 billion (£8 billion) in assets under management, up from $9 billion in October, 2013. Aon Hewitt has expanded its capabilities and has recently added delegated clients in Belgium and Germany.

"Institutional investors in the U.S. are under continued pressure to effectively manage their liabilities to improve the funded status of their plans, while the legal and regulatory complexities also grow," explained Clinton Cary, leader and chief investment officer of U.S. Delegated Investment Services at Aon Hewitt. "The growth of our delegated business demonstrates the trust our clients place in Aon Hewitt to expertly handle the investment management and fiduciary operations, responsibilities for their plans. We take that commitment seriously and we remain committed to offering our best thinking, talent and resources to clients in the U.S. and around the globe."

Aon Hewitt's delegated investment consulting services team works with pension plan sponsors to gain control of the rapidly rising cash and P&L costs, manage volatile corporate pension obligations holistically and dynamically, and helps investment committees execute dynamic polices in order to reduce decision cycle times.

About Aon Hewitt
Aon Hewitt empowers organizations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organizational and personal performance and growth, navigate retirement risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness. Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide. For more information on Aon Hewitt, please visit www.aonhewitt.com.

About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon's global partnership with Manchester United.