Aon Consulting is to launch its own manager-of-managers investment product, aimed at its existing pension fund clients.
The firm’s multi manger funds will be what it calls a series of carefully structured specialist funds, with Aon controlling the exposure its products have across a range of investment themes. Aon’s manager research team will assist in the selection of fund managers for inclusion in the program.
Chris Erwin, principal at Aon’s London investment practice, said that the firm was looking to offer what it calls the additional approach to its existing services within the next three to four months. He added that performance measurement results for Aon’s new offering would be available by January.
Aon has dismissed fears about any possible conflicts of interest, between its consulting and investment activities, claiming that full disclosure would be in place. Erwin stated that while clients would be offered both the firm’s investment and advisory services, they were under no obligation to accept both. If they decide to use our investment products, it shows that they trust our judgement anyway, he said.
Aon said existing investment advisory services will remain unchanged for clients who do not wish to take the new service.
By Geoffrey Ho
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.