LONDON, 10 November 2022 – Aon plc (NYSE: AON), a leading global professional services firm, has been appointed by The Trustees of the Russell & Bromley Limited Pension and Life Assurance Scheme to provide fiduciary management services in the UK.
Russell & Bromley, the luxury shoes and handbags retailer with 32 stores around the UK and one in the Republic of Ireland, has a £30 million pension fund with around 240 members. Aon was selected following a competitive tender process.
Andrew Bromley, Chair of Trustees of the Russell & Bromley Limited Pension and Life Assurance scheme, said:
"The Aon team showed the best understanding of our needs and objectives. Their approach was the most flexible and adaptable, so we are confident that it can perform well in a wide range of market conditions. In particular, Aon’s use of active diversifiers gives us confidence that they will generate strong returns when markets are rising and provide robust protection when markets are falling.”
Tony Baily, partner, Aon Investments UK, said:
“Aon’s fiduciary management approach can help the Russell & Bromley scheme navigate these times of increased volatility. Financial markets will always be complex and uncertain. However, with Aon’s fiduciary management, the scheme can be sure of having the right strategy to achieve its goals, and sleep easy in the knowledge that we are actively managing its assets to deliver the growth and protection needed.”
More information about Aon’s fiduciary management services is available here: Fiduciary Management Services | Aon UK
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