Aon Hewit has been appointed by Evonik Pension Scheme Trustee Limited to provide actuarial services to the four Evonik schemes for which it is the trustee.
Evonik is one of the world's leading speciality chemicals companies, serving the automotive, plastics, pharmaceutical and other industries. Based in Essen in Germany, its UK organisation operates from Milton Keynes. Its UK pension funds have combined assets of around £450 million and over 6,000 members, spread across four schemes. Aon Hewitt will provide actuarial services to Evonik Pension Scheme Trustee Limited for all four schemes.
Graham Withers, the chair of Evonik Pension Scheme Trustee Limited, said:
"Aon Hewitt was already well regarded by the trustees from their work on one of the schemes and they convinced us that their team had the resources and skills to cope with all four scheme appointments. Early indications are that the relationship works very well.”
Paul Crocker, principal and actuary at Aon Hewitt, said:
"We are very proud to be appointed to provide actuarial advice to all four of Evonik's UK pension schemes. We had worked previously with one of the Evonik schemes, so our appointment across the other three is a genuine endorsement of the quality of service Aon Hewitt has provided to date. We look forward to continuing our work with Evonik Pension Scheme Trustee Limited."
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