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RNIB pension scheme expands Aon Hewitt's remit

23 April 2013

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The Royal National Institute of the Blind (RNIB) has hired Aon Hewitt to provide actuarial, investment, pension administration and broking services for its pension scheme.

The trustees of the RNIB scheme, which has over 3000 members and around £150m of assets, have previously used Aon Hewitt for actuarial and investment advice, but have now expanded the remit to include pension administration and broking services.

Keith Hickey, RNIB director of resources, said: "We were aware of the need to streamline further the advice and services used by the scheme, as well as finding a way of coordinating them more efficiently.

"When we reviewed our suppliers, Aon Hewitt, who had advised us on actuarial and investment matters, offered us the ability to bring those services together with pensions administration and broking. This gives us the chance both to raise the quality of what we do and to control the costs more tightly."

Russell Agius, partner at Aon Hewitt and RNIB scheme actuary, said: "This is another example of where we have been able to offer a medium-sized scheme a multi-service option which is designed to suit their needs and empower results."

First published 23.04.2013

monique_simpson@wilmington.co.uk