Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation (NYSE:AON), has been appointed by Shropshire Council as investment adviser to the Shropshire County Pension Fund.
Aon Hewitt will be working closely with the Pensions Committee which oversees the fund, providing a full range of investment consulting services, including giving advice on strategic asset allocation, medium term asset allocation, manager selection and monitoring, and custody related matters.
The Shropshire County Pension Fund, which is part of the Local Government Pension Scheme, is around £1 billion in size and has over 33,000 members.
Graham Chidlow, Head of Finance (Treasury & Pensions) at Shropshire Council said: “We are extremely happy to be working with Aon Hewitt. The local government pension scheme is likely to see significant changes over the years ahead and Aon Hewitt is well placed to support the Shropshire Fund in this changing environment.”
John Rushen, UK head of Investment Consulting at Aon Hewitt said: “Over the last few years we have continued to add resources to our public sector investment team, and to increase our local authority client base in a measured and controlled manner. We are genuinely excited to have been given the opportunity to work with the officers and elected members responsible for the Shropshire County Pension Fund, and are delighted to put the full range of our investment consultancy services and expertise at their disposal. In this particularly challenging financial environment, good advice is more important than ever, and we look forward to helping the fund work towards achieving its investment objectives.”
Source : Aon Press Release
