Aon Hewitt, the global human resources consulting and outsourcing business of Aon Corporation (NYSE: AON), today announced that its global investment consulting business (operating as Hewitt EnnisKnupp(1) in the U.S.) has won 30 new delegated investment consulting clients around the world since the start of 2011. In its role as delegated investment consultant, Aon Hewitt is given the authority by the pension plan's fiduciary committee to rebalance plan portfolios and, often, for the retention or termination of plan investment managers.
Since announcing the offering in 2009, Aon Hewitt has won 63 delegated investment consulting clients. Currently, total assets under advisement exceed $17 billion.
"We are excited to have been selected to provide delegated investment consulting services by these plan sponsors," said Kemp Ross, head of U.S. Investment Solutions at Aon Hewitt. "Our delegated investment services provide plan sponsors with a more efficient and effective way to manage their plans amidst an increasingly complex and highly volatile investment environment. We believe plan sponsors choose to partner with us because our solution reflects our actuarial, risk management and global investment management expertise provided through a single point of accountability."
Aon Hewitt's delegated investment services leverage Aon Hewitt's global research and pension risk management solutions to help plan sponsors better understand and manage the assets and liabilities in their pension plans. Using its pension risk management tools, Aon Hewitt is able to monitor the assets and liabilities of a company's pension plan on a frequent basis. This enables quicker, more informed investment decisions and better management of surplus risk.
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