LONDON, 12 October 2006 – Aon Consulting, a leading pensions, benefits and HR consultancy, today launched its Financial Risk Consulting service for UK pension funds. 

The new service will give companies and trustees a complete analysis of the financial risks arising from their pension scheme and comprehensive advice on how to manage these risks.

Commenting on the announcement, Iain Brown, Head of Financial Risk Consulting at Aon Consulting, said:  “Historically, pension fund risks have been managed in several compartments, with advice on the actuarial, investment and corporate finance aspects all being dealt with separately.  We are now bringing all these areas together so that our clients, whether company directors or trustees, can compare all the possible options for managing these risks.  Companies are increasingly focused on the containment and running off of risks associated with pension schemes and we are committed to help them make this as painless a process as possible.”  

As part of the new structure, Aon Consulting has announced a number of new roles.

• Iain Brown has been appointed as Head of Financial Risk Consulting.  Iain will have overall responsibility for the management and growth of Aon’s Financial Risk Consulting service.
• Paul McGlone has been appointed Head of Propositions for Financial Risk Consulting.  Paul will be responsible for the development and marketing of the propositions that will be made available to clients.
• Ian McKinlay has been appointed Head of Research for Financial Risk Consulting.  Ian will be responsible for the development of intellectual capital for the new service.  Research will play a crucial role within the new structure, underpinning the development of existing and new propositions.  This role will include responsibility for all Aon’s investment research activities. 
• Paul Docherty has been appointed Head of Investment Consulting Practice.  Alongside Trevor Connor, who continues as head of Aon’s Actuarial Practice, Paul will ensure that Aon’s top quality consultants receive all the necessary professional support and development.

Brown added:  “These days total financial solutions can be offered to clients in a much more accessible way and clients will inevitably benefit from our integrated approach.  Everyone at Aon is also excited about this new development and the enhanced career opportunities it will bring. This is another great example of Aon not wishing to stand still and continually striving to find better solutions for clients.”

Notes to editor:

About Aon

Aon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 46,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

This press release contains certain statements related to future results, or states our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. Potential factors that could impact results include: general economic conditions in different countries in which we do business around the world, changes in global equity and fixed income markets that could affect the return on invested assets, fluctuations in exchange and interest rates that could influence revenue and expense, rating agency actions that could affect our ability to borrow funds, funding of our various pension plans, changes in the competitive environment, our ability to implement restructuring initiatives and other initiatives intended to yield cost savings, our ability to execute the stock repurchase program, changes in commercial property and casualty markets and commercial premium rates that could impact revenues, changes in revenues and earnings due to the elimination of contingent commissions, other uncertainties surrounding a new compensation model, the impact of investigations brought by state attorneys general, state insurance regulators, federal prosecutors, and federal regulators, the impact of class actions and individual lawsuits including client class actions, securities class actions, derivative actions, and ERISA class actions, the cost of resolution of other contingent liabilities and loss contingencies, and the difference in ultimate paid claims in our underwriting companies from actuarial estimates. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s filings with the Securities and Exchange Commission.