Aon’s Brexit solutions for Retirement & Investment
We have expanded the regulatory permissions of one of our Irish Aon firms so that we can continue to provide regulated investment advisory services in the Republic of Ireland and in the rest of the EEA with a MiFID licence. Such work will be delivered through Aon Solutions Ireland Limited and regulated through the Central Bank of Ireland.
Clients of our delegated investment services will retain their investment management relationship with Aon Investments Limited (AIL) in the UK. This relationship is unaffected by Brexit.
Aon selected Carne Global Fund Managers (Ireland) Limited (Carne), an EEA-based Fund Manager, the Alternative Investment Fund Manager (or AIFM) as appointed by the EEA-domiciled investment funds. Carne has appointed AIL as its delegate to continue in the role of Investment Manager, meaning AIL continues to carry out the day-to-day management of the EEA funds' assets as it did before Brexit.
Our focus remains on providing seamless service continuity and minimising any potential disruption as a result of Brexit and we have designed our solutions on that basis.
Pensions Administration, Human Capital Solutions, Flexible Benefits and UK based Retirement and Investment consulting services
There is no direct impact, but we may be processing member data on behalf of clients outside the UK. The UK government has issued guidance to advise businesses on what would happen should the UK leave the EEA without an agreement regarding data protection and the free-flow of personal data between the UK and EEA. Aon’s Data Privacy team has taken practical steps to respond to this and you can find more on this on our main Brexit page.
For more information, please contact your regular Aon contact, or email David Hardern for Retirement Solutions and Tim Giles for Investment Consulting.