Russell & Bromley pension trustees select Aon fiduciary management

Aon announced a UK fiduciary-management appointment from the trustees of the Russell & Bromley Limited Pension and Life Assurance Scheme on November 10, 2022. The retailer’s pension scheme had £30 million and approximately 240 members. Aon was selected through a competitive tender. The trustees highlighted flexibility across market conditions and the manager’s use of active diversifying investments. Aon Investments UK partner Tony Baily described an investment approach intended to combine growth and protection during market volatility. The mandate concerned managing pension assets for the trustees. It did not represent Aon purchasing the retailer, owning its pension assets for its own account, or committing a disclosed amount to any named private fund.