UK - The trustees of the Thomas Cook Pension Plan have dropped Watson Wyatt as the investment consultant to their £400m UK pension scheme and appointed Aon Consulting.
Aon has been given the task of providing a strategic review of the fund’s equity portfolio, including consideration of alternative assets, and a review of the scheme’s bond portfolio.
Jon Hutchings, business relationship manager, said: “It’s clearly a prestigious appointment for us. The fund is in the region of £400m which puts it in the top percent of our investment consulting clients.”
The appointment follows a competitive tender that saw Aon pitch against two other consultants, incumbent Watson Wyatt and Mercer investment Consulting.
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