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Northern Powergrid Pension Scheme hires investment adviser

17 June 2014

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The Northern Powergrid Group Pension Scheme has appointed Aon Hewitt to provide investment advice.

Aon Hewitt already provides pensions administration and actuarial services to the scheme, and will now provide investment advice, including regular guidance on strategy, asset allocation and manager structure.

The scheme is part of the Electricity Supply Pension Scheme (ESPS).

Northern Powergrid operates the electricity distribution networks that provide power to homes and businesses in the North East, Yorkshire and northern Lincolnshire.

Stephen Robson, Northern Powergrid Group group administrator and secretary, said: "The Northern Powergrid scheme already worked with Aon Hewitt, so we were aware of the breadth of resource and capability Aon Hewitt can offer.

"However, when we reviewed our investment advice, the Group trustees were also impressed by Aon Hewitt's focus on understanding our issues and the firm's capability to give clear, tailored advice of the kind which is essential to running the scheme."

Aon Hewitt partner Andrew Fellows said: "We are very pleased with the Northern Powergrid Group Trustees' decision to opt for Aon Hewitt's investment advice. We believe that their decision to select us was a direct testament to our focus on giving the right advice to each individual client, while in this case, also being able to apply our unparalleled experience of working with ESPS groups."

First published 17.06.2014

monique_simpson@wilmington.co.uk