Pensions - Articles - Aon Hewitt appointed by Medical Defence Union for pensions

 Aon Hewitt has announced that it has been appointed by the trustees of the Medical Defence Union (MDU) Pension & Life Assurance Scheme to provide a wide range of integrated pension services.

 MDU was established in 1885 as the first medical defence organisation. It guides, supports and defends its members by providing indemnity insurance to doctors for incidents arising from their clinical care for patients. Its pension scheme has around 750 members. Aon Hewitt already provided investment advice to the scheme but this has now been extended to actuarial and scheme secretarial services, pensions administration, risk benefits and corporate pensions advice, including guidance in relation to accounting disclosures.

 Russell Agius, partner at Aon Hewitt said:

 “MDU offers an example of where Aon Hewitt is being asked to offer multiple, integrated services to medium-sized pension schemes. They now operate in a complex regulatory environment and, in an increasing number of cases, with both DB and DC schemes. Bringing different services together for schemes is clearly gaining in popularity.”