Russell & Bromley Ltd. Pension and Life Assurance Scheme, Bromley, England, appointed Aon to provide fiduciary management services.
The luxury shoes and handbags retailer chose the firm following a competitive procurement process, an Aon news release said. The pension fund has £30 million ($35 million) in assets and around 240 participants.
"The Aon team showed the best understanding of our needs and objectives," Andrew Bromley, chairman of trustees of the pension fund, said in the release. "Their approach was the most flexible and adaptable, so we are confident that it can perform well in a wide range of market conditions. In particular, Aon's use of active diversifiers gives us confidence that they will generate strong returns when markets are rising and provide robust protection when markets are falling."
Further details on the pension fund and whether Aon replaced another OCIO firm could not immediately be learned.
