University of Leicester appoints pension adviser

The University of Leicester Pension and Assurance Scheme has appointed Aon Hewitt to provide a range of actuarial advice and pension administration services.

The defined benefit (DB) pension scheme has approximately 2,200 members and assets of around £110 million.

John Holloway, chairman of the trustees at the University of Leicester Pension and Assurance Scheme, said: “Defined benefits are challenging to manage and it is vital that trustees like me receive the best information and advice, and that members get the best service.”

Michael Clare, UK director at Aon Hewitt, added: “Aon Hewitt is building a portfolio of [employer] clients within the higher education sector and it is great news that we are now able to extend our expertise to the University of Leicester’s pension scheme.

“We are working with them on a full range of services, from actuarial advice to administration, and I am sure the scheme will see the benefit of this, not just financially but also in governance and in increased efficiencies.”