Management Consulting

Imerys UK Pension Fund Trustees Limited faced significant challenges in managing their £550 million pension fund, which serves nearly 5,900 members. The trustees were overwhelmed by the demands of overseeing eight investment managers and recognized that the increasing regulatory environment and investment risks required a more sophisticated approach. They needed greater investment expertise and a more efficient way to implement a dynamic investment policy without an in-house investment team. To address these issues, Aon was appointed as the fiduciary manager for the Imerys Scheme after a competitive tender process. Aon, which had been providing actuarial and investment advice to the scheme for over a decade, was chosen for its familiarity with the scheme's needs and objectives. The tailored solution involved Aon taking over all day-to-day management decisions while maintaining the diversified and liquid investment policy previously adopted by the trustees. This shift allowed the trustees to focus on other important matters, alleviating their decision-making burden. The results of this new fiduciary management approach are expected to provide the trustees with access to a broader range of investment options and the agility to respond swiftly to market changes. Aon aims to enhance certainty and value for the scheme, ensuring continuity and stability for its members while navigating new forms of market volatility with confidence.