UK - The Royal College of Physicians has appointed Aon Consulting as actuarial adviser and consultant for its £4.5m defined benefit pension scheme.
Aon’s brief will be to advise the scheme on its association with Equitable Life, which administers the scheme, and the setting up of its defined contribution scheme, which it expects to launch in January 2002.
The contract was awarded to Aon following a tendering exercise and will be administered out of Aon Consulting's London office. The previous consultant was Entegria.
Treasurer and trustees chairman Dr John Bennett said: We chose Aon Consulting because we were impressed by the professionalism of both their actuarial and consultancy services and the depth of resources available.
By Janet Du Chenne
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.