LONDON, 10 November 2006 – Pension fund trustees and sponsoring employers should carefully consider effective ways to integrate funding and investment strategies to comply with legislation introduced last year, according to Aon Consulting.
Appropriate funding and investment strategies at a time when the universe of options open to trustees have never been greater is among issues discussed at a series of Aon Consulting conferences held in Edinburgh, London, Leeds and Birmingham this month and next. The conferences provide thought-provoking analysis across a range of experts from some of the world’s leading investment firms as trustees consider strategy for the year ahead.
Donald Duval, Aon Consulting chief actuary, will deliver presentations exploring the imperative of integrating funding and investment strategy since the introduction of The Occupational Pension Schemes (Investment) Regulations 2005. New approaches to established investment vehicles will also be considered, for example Liability Driven Investments and hedge funds, and myths that currently surround these investment strategies will be exposed.
Paul McGlone, head of Propositions in Aon Consulting’s new Financial Risk Consulting division,
will address the issue of trapped pension fund surplus at the conference. He said: “The vast majority of defined benefit pension scheme trustees and sponsoring companies are focused on eliminating significant scheme deficits. In selecting appropriate strategies within the regulatory environment, employers should track all the risks associated with the strategy, including inadvertently creating a large scheme surplus.”
Chaired by head of Financial Research, Ian McKinlay, Aon’s annual Investment Conference features investment experts from Barclays Global Investors, JP Morgan, Merrill Lynch, Quellos Group LLC,Scottish Widows Investment Partnership and Insight Investment.
Topics covered include:
- Integrating funding
- Matching assets: the nuts & bolts of a pooled LDI solution
- Growth assets: the new active equity (130/30 funds)
- Growth assets: making hedge funds friendly
- Trapped surplus: the next pensions scandal
The conference is free to attend and the limited places are expected to fill fast. View further information about the conference or register to confirm your place.
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Notes to editor:
About Aon Consulting
Aon Consulting is a leading human capital consultancy, helping organisations of every size to attract and keep the employees they need. We advise on all aspects of employment, including health-related insurance and risk; employee compensation and pensions; human resource strategy planning; job design and change management; and staff assessment and legal issues. Aon Consulting is a division of Aon, one of the UK’s largest insurance brokers and providers of risk management services and a major force in reinsurance and the UK human capital consulting market. Aon Consulting Limited is authorised and regulated by the Financial Services Authority.
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 45,000 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, our ability to consummate the pending sale of the Aon Warranty Group, 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.