Aon Consulting has been appointed administrator for four of the defined benefit (DB) pension schemes of Veolia Environmental Services, covering over 5,100 members.
The Veolia Environnement subsidiary is the UK’s leading waste management company, employing over 12,000 people and serving over 21 million UK residents through its numerous local authority contracts as well as maintaining a sizable presence in the private sector.
The four DB schemes are to be administered from Aon Consulting’s Sheffield office and work will be provided in addition to the actuarial consultancy Aon already provides for the schemes.
Mike Sullivan, Head of Pensions for Veolia Environnement UK Limited commented: “The pension scheme members are extremely important to Veolia Environmental Services having helped to build the business into the success it is today, and as such, there is a wish to provide the best possible service to them. Having attended Aon’s pension administration service development forums, I was greatly impressed by their commitment to engaging with clients and the industry as a whole, in order to develop an offering that is actually relevant to Employers’ and members’ needs.
An administration service should be focused on the member experience and Aon’s commitment to this and their demonstrably high levels of innovation are admirable values. I and my team look forward to working closely with Aon Consulting to deliver even higher levels of service to these pension scheme members.”
Stuart Heatley, Managing Director for Aon Consulting said: “Delivering the best possible level of service to scheme members is our highest priority. We look forward to developing this partnership and working closely with Veolia.”
