Marine Systems appoints DB pensions adviser

Global Marine Systems has appointed Aon Hewitt to provide investment consulting services for its defined benefit (DB) pension scheme.

The installer of sea cables for the telecommunications industry’s pension scheme has 450 members and assets of £90 million.

Roy Webber, chairman of Global Marine Systems Trustees, said: “Our scheme was in need of a more dynamic approach and the Aon Hewitt team demonstrated that it could provide this, with a review of our strategy leading to a flight plan and more active asset allocation.

“Its delegated services offer us both the option to plan ahead with our scheme more effectively and to make the most of market opportunities.”

Sion Cole, partner at Aon Hewitt, added: “With the Global Marine Systems scheme, we were able to offer fiduciary services that can be tailored to its specific needs, not just a standard, off-the-shelf approach.”