Investment - Articles - University of Exeter extend actuarial appointment with AON


Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced that it has been appointed as investment adviser to the Trustee of the University of Exeter Retirement Benefits Scheme (the ERBS). The appointment extends the range of services that Aon provides the Trustee, having held the scheme actuary appointment since 1999. Charlie Iversen, senior investment consultant at Aon, will be the lead investment adviser.

 The University of Exeter has origins dating back to 1851 and became a university in 1955. It now has over 25,000 students. The ERBS is a closed defined benefit pension scheme providing benefits to non-academic staff at the university. It has assets of around £140 million and over 3,000 deferred and pensioner members.

 Penny Green of BESTrustees, professional chair of trustees of the University of Exeter Retirement Benefits Scheme, said: “We have worked successfully with the Aon team as our actuarial advisers for many years and throughout that time they have demonstrated a good understanding of us, our issues and how we like to work. As we identified the need for investment and actuarial advice to be more connected as we work towards our long-term objectives, it was therefore a relatively easy decision to extend Aon’s appointment to cover investment advice as well as actuarial.”

 Jay Harvey, partner at Aon, said: “Winning new appointments is always good, but this is particularly satisfying as it is a direct reflection on the advice and support we have provided the Trustee over recent years. We pride ourselves on the partnership approach we take when working with our clients and I am looking forward to working with the scheme in the fully integrated manner that today’s environment needs.”

 Daniel Carpenter, principal consultant and integrated market lead at Aon, said: “We are very much looking forward to taking on the investment adviser role with the University of Exeter Retirement Benefits Scheme. With integrated investment and funding advice, we are uniquely placed to support the Trustee in achieving its long-term objectives and driving scheme performance in the coming years.”

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