Southwark Pension Fund appoints Aon investment adviser

Aon announced on March 30, 2021 that the London Borough of Southwark Pension Fund had selected it to provide investment advice. The Local Government Pension Scheme fund had £1.9 billion and more than 25,000 members. Aon already supplied actuarial and governance advice, so the appointment extended an existing professional-services relationship. Southwark’s stated investment priorities included a low-carbon approach, liquidity and growth. Its finance and governance director said the selection reflected the investment team’s capabilities in responsible investment. Aon partner Colin Cartwright described the new advisory role as supporting the fund’s existing strategy. The announcement did not transfer ownership of the pension assets or identify a private-fund commitment.