LONDON, 14 September 2026 – Aon plc (NYSE: AON), a leading global professional services firm, has advised the trustees of the Givaudan UK Pension Plan on the successful completion of the plan's wind-up, marking the conclusion of a long-term process to secure members' benefits and bringing the £64 million plan to an orderly close.
Aon worked closely with the trustees, Givaudan, and legal advisers at Travers Smith to complete the wind-up following a comprehensive programme of work involving benefit verification, member communications, administration transition, buyout implementation and the ultimate transfer of members' benefits to individual insurance policies. As a result, all members' benefits are now fully secured with Aviva, providing members with the certainty of receiving their benefits directly from a leading UK insurer.
Chris Dunford, Senior Consultant, Aon, said:
"Supporting the trustees and Givaudan throughout the process of buy-in broking to buyout and wind-up advice and management, was a complex exercise. The completion of the wind-up is the culmination of extensive planning and collaboration across multiple workstreams, demonstrating how trustees, sponsors and advisers can work together to achieve a successful outcome for members."
Robin Storey, Chair of Trustees, Givaudan UK Pension Plan, said:
"The successful completion of the wind-up represents a significant milestone for the plan and reflects the commitment and dedication of all those involved. Throughout the process, our priority has been to ensure members' benefits were secured and that the transition was managed smoothly and efficiently. We are very pleased to have achieved this outcome for our members."
Christian Frener, Head of Global Benefits at Givaudan, said:
"The company has been very supportive of the trustees in achieving completion of the wind-up of the plan. The trustees and their advisers have been collaborative throughout the buy-in and buyout phases, ensuring a well-managed and transparent process with no surprises, which was important for us in our planning."
ENDS
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