LONDON, 22 October 2020 – 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 reappointed to provide fiduciary management services to the ITN Pension Scheme.
ITN has provided news programmes for independent television since 1955; it currently provides news for ITV, Channel 4 and Channel 5. It has expanded into new areas through ITN Productions, producing content including documentaries and sport, as well as advertising and digital material.
Aon has provided fiduciary management services to the £400 million ITN Pension Scheme since 2013. This renewal is part of the Competition and Markets Authority Order, which required the ITN Pension Scheme’s Trustees to carry out a competitive re-tender of Aon’s fiduciary management services. Aon is also actuary and investment adviser to the scheme.
Lesley Everett, incoming Chair of Trustees at the ITN Pension Scheme, said:
“We are delighted to be able to continue working with Aon. We were particularly impressed in the way Aon has incorporated responsible investment into our investment approach. It's an area that is increasingly important to us and I am confident that the Aon team will continue to innovate in this area. We believe this is both to the benefit of the scheme and to the wider global community.”
Martyn Hurd, Chair of Trustees at the ITN Pension Scheme, said:
“We carried out a thorough review of the investment market and found the whole process very instructive. The ITN Scheme has already worked with Aon for the last seven years and they have delivered the investment performance we have needed to meet all market eventualities. It's really important for us to work with a fiduciary manager that fully understands our scheme and ITN’s business - we feel we get this from the Aon team.”
Lucy Barron, partner at Aon, said:
“It's particularly pleasing for us to have the opportunity to continue our long-standing relationship with the ITN Pension Scheme. We are proud that through our fiduciary approach, we have helped the scheme to monitor its position carefully - and therefore to have withstood the recent market volatility.
“The scheme also places genuine importance on Responsible Investment – which is an increasingly important area for our clients. We look forward to evolving our activity with the scheme in this area by working closely in partnership with the trustees.”
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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