Aon Delegated Investment Solutions reaches $100 billion in worldwide assets under management
In the UK total assets under management have grown to more than £14 billion since launching the business in 2010
LONDON (24 May, 2017) - Aon plc (NYSE:AON) today announced it has reached more than $100 billion (USD) in worldwide assets under management (AUM) for its delegated investment solutions clients across 10 countries. Aon’s Investment business now advises on $4.2 trillion of assets globally for more than 2,500 clients around the world.
Cary Grace, global CEO of Retirement & Investment at Aon, said:
"As markets become more complex, organisations around the world are searching for a deeper level of expertise and more sophisticated investment strategies to manage their assets most effectively. Aon’s growth can be attributed to strong reputation as the predominant retirement plan advisor in the world, as well as our ability to customise solutions to serve the diverse needs of plans of all sizes, including full and partial delegation of authority. We will continue to invest in people and resources to enhance our capabilities in this important area, including expanding our solutions to asset owners outside of retirement plans-which we see as a large growth area for the future."
Globally, Aon’s Delegated Investment Solutions business manages assets for more than 300 clients, representing more than 400 plans. Approximately $30 billion in assets are managed through partial delegation - or delegating a portion of a total plan or fund - and the remaining assets are managed through full delegation of the plan.
In the UK, Aon now works with 110 clients, managing pension scheme assets of £14 billion.
Sion Cole, senior partner and head of European Distribution at Aon, said:
"Our business in the UK continues to grow as pension schemes of all sizes see the advantages and value of delegating the management of their scheme to investment professionals. Our delegated offering only invests in our highest conviction buy rated managers, and by evolving the portfolio to reflect our latest views on markets, asset classes, strategies and managers we can ensure that our clients get a market leading solution without the governance burden.
"In addition, this approach offers clients greater economies of scale and improved transparency. Since launching our service, clients have saved over £5m in fund manager fees alone."
About Aon
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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