Sections

Aon ousts Watson Wyatt at TV news firm

UK - Aon Consulting says it has ousted Watson Wyatt Worldwide as investment consultant for the Independent Television News Ltd (ITN) Pension Scheme.

It follows Aon’s replacement of Watson at Metso Minerals last month. Aon said it had competed with two “major consultancies” but it was not clear whether Watson Wyatt had defended the mandate.

Chris Erwin, principal at Aon Consulting, Michelle Stephens and a team from the firm's London office will take over.

“Their work will involve providing ongoing investment advice to the ITN Pension Scheme, as well as any investment projects which may occur,” Aon stated. ITN provides news bulletins for UK television channels.

Erwin said: “We were particularly pleased the trustees liked the mixture of knowledge we offer about views on the real way the stock market behaves being allied to liability based solutions.

"We're delighted to have secured the role of investment adviser to this prestigious scheme.”

A spokesman for Watson Wyatt declined to comment, saying the firm did not discuss clients.

ITN’s pension fund was not available for comment.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2492

    Asset class: Active Investment Grade Corporate Bond.
    Asset region: Global.
    Size: In the region of £2 billion.
    Closing date: 2018-12-10.

  • QN-2495

    Asset class: Large & Mid & Small with bias to Mid Equities.
    Asset region: Switzerland.
    Size: CHF 30m.
    Closing date: 2018-12-10.

  • QN-2496

    Asset class: Commodities.
    Asset region: World.
    Size: CHF 100 – 150 m.
    Closing date: 2018-12-12.

Begin Your Search Here