LONDON, 30 March 2021 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced that it has been appointed by the London Borough of Southwark Pension Fund to provide investment advice.
The £1.9 billion London Borough of Southwark Pension Fund is part of the Local Government Pension Scheme (LGPS) and has over 25,000 members. Aon already provides both actuarial and governance advice to the fund.
Duncan Whitfield, London Borough of Southwark’s Strategic Director of Finance and Governance, said:
“We have worked with Aon for some time in other areas of managing our fund. However, when reviewing our investment strategy and with particular reference to our pursuit of a low-carbon approach, we were impressed by the Aon Investment team’s credentials and capabilities in this area and in the thinking that backed them up.”
Colin Cartwright, partner at Aon, said:
“The Southwark pension fund has led the way among schemes in the LGPS in incorporating a low-carbon strategy into its investment thinking while maintaining liquidity and growing the value of the fund. At the same time, Aon has substantially grown its capabilities in the field of responsible investment.
“We already had a good working relationship with the fund in other roles, but we are now looking forward to working closely with it as it continues with this forward-thinking investment approach.”
Notes to editors
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