Hozelock appoints Aon Hewitt to DB pension

Hozelock has appointed Aon Hewitt to provide actuarial, investment and pensions management service to its defined benefit pension scheme.

The organisation, which manufactures a range of gardening products, has a pension scheme with assets of around £50 million and around 750 members.

Trevor Austin, chairman of the trustees of the Hozelock scheme, said: “Aon Hewitt offered us actuarial and investment advice, and also the opportunity to gain access to up-to-date thinking.”

Russell Agius, partner at Aon Hewitt, added: “It’s commonly thought that leading-edge thinking tends to emerge from the activities of the largest pension schemes, but it’s clear that medium-sized schemes need the best, and most appropriate, advice too.”