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Local authority appoints investment consultant

30 January 2013

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The Royal Borough of Kingston upon Thames pension fund has appointed Aon Hewitt as an investment consultant.

Aon Hewitt will be carrying out a review of the fund's investment strategy as well as providing tailored training for the panel members.

The arrangement took place through the Croydon Framework agreement, which looks to deliver savings and efficiency in the public sector through sharing services and undertaking joint procurement exercises wherever possible.

"We look forward to working with Aon Hewitt as part of the Croydon Framework. The framework is offering local authorities both greater efficiency and the opportunity to maintain control of costs for their pension scheme," said Jeremy Randall, head of finance-strategy and accounting at the Royal Borough of Kingston upon Thames pension fund.

The local government scheme has over 11,000 members and is approximately £430m in size.

First published 30.01.2013

monique_simpson@wilmington.co.uk