EUROPE - Aon Consulting is planning rapid expansion in the Nordic countries, with the aim of becoming market leader in Sweden by 2007.
The firm said its management consisted of Mats Langensjo, formerly Goldman Sachs, and Ola Larson, founder of Mercer in the Nordic region.
Aon Sweden CEO Urban Schyberg said: “The Swedish market has seen too little development in the area of pensions, investments and employee benefits in recent years and there is a great demand from customers for new innovative solutions, not the least regarding compensation models.
“Coupled with the successful recruitment of some of the most experienced consultants in this field, the prospects looks very promising for us.”
Aon will also offer services for implementation and managing of pension and benefit plans, for example through a web-based portal.
“The loss of public trust for the insurance industry in Sweden opens up the opportunity for new players,” Aon Sweden managing director Mats Langensjo said.
“We will challenge the established companies in the field, but also take advantage of the fact that we belong to one of the world’s leading insurance consulting groups.”
Aon Consulting is part of the insurance broker and risk management consultant Aon Corporation and is active in 100 countries.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.