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Aon Retirement Pension Plan
The Aon Retirement Pension Plan was established to manage retirement liabilities for employees of Aon plc. Its assets include a $645 million buy-in with...
Aon Retirement Pension Plan
The Aon Retirement Pension Plan was established to manage retirement liabilities for employees of Aon plc. Its assets include a $645 million buy-in with Scottish Widows and a $1.14 billion buy-in with Pension Insurance Corporation. The plan also maintains a $30 million allocation to UK commercial property through pooled funds. Target weights allocate roughly 50 percent to global equity pooled funds and 29 percent to fixed income pooled funds. Additional holdings include private equity limited partnerships and a hedge fund portfolio, both accessed as a limited partner. Geographic exposure centers on the United Kingdom for annuity and property holdings and extends globally for equity and private equity commitments. The plan announced in November 2024 that Aon Investments Limited would serve as fiduciary manager. It maintains membership in the Pensions and Lifetime Savings Association and channels philanthropic activity through the separate Aon Foundation established in 1984. Governance rests with a trustee board chaired by Andy Kieran, with custody provided by BNY Mellon and legal counsel from CMS Cameron McKenna Nabarro Olswang.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Chicago
Principals
Andy Kieran
Chair of the Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Aon Retirement Pension Plan?
Andy Kieran serves as Chair of the Trustees. Day-to-day fiduciary management is delegated to Aon Investments Limited under a mandate that began in November 2024.
Does Aon Retirement Pension Plan participate in fund commitments or only direct deals?
The plan invests as a limited partner in private equity limited partnerships and hedge fund portfolios. It also holds real estate exposure through pooled funds and direct annuity contracts.
What asset classes does Aon Retirement Pension Plan hold?
Holdings include global equity pooled funds, fixed income pooled funds, UK commercial property, private equity limited partnerships and hedge fund portfolios. Two bulk annuity policies cover a substantial portion of liabilities.
How is Aon Retirement Pension Plan related to Aon plc?
Aon plc is the plan sponsor and ultimate parent. The plan maintains separate governance through its trustee board while using Aon affiliates for investment management and trust services.
What recent operational changes has Aon Retirement Pension Plan made?
In November 2024 the plan appointed Aon Investments Limited as fiduciary manager. It has also completed two bulk annuity transactions with Scottish Widows and Pension Insurance Corporation since 2016.
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