2009-10-26
LONDON - Hewitt Associates, a global human resources consulting and outsourcing company, today announced that it has been appointed to provide scheme actuary and investment consultancy services to the AA Pension Scheme, following a review conducted by the trustees of the AA Pension scheme.
The AA is the UK's leading breakdown organisation, with over 15 million members and more dedicated patrols than any other roadside assistance provider. The AA also offers financial services including car and home insurance, savings and loans and a host of other products and services for motoring and travel.
David Eteen of Hewitt has been appointed as scheme actuary and John Belgrove of Hewitt as investment consultant to the AA Pension Scheme. Hewitt will provide the full range of actuarial and investment services including guidance on funding, risk management advice, strategic investment advice, and monitoring of fund managers.
Andy Cox, managing director of Hewitt in the UK said:
"We are delighted to be appointed to provide our services to the AA Pension Scheme and are looking forward to working with the scheme and its trustees. We believe we will bring them an integrated, flexible and innovative service which is tailored to the needs of the scheme."
Notes to Editors
About Hewitt Associates
Hewitt Associates (NYSE: HEW) provides leading organisations around the world with expert human resources consulting and outsourcing solutions to help them anticipate and solve their most complex benefits, talent, and related financial challenges. Hewitt works with companies to design, implement, communicate, and administer a wide range of human resources, retirement, investment management, health care, compensation, and talent management strategies. With a history of exceptional client service since 1940, Hewitt has offices in more than 30 countries and employs approximately 23,000 associates who are helping to make the world a better place to work. For more information, please visit www.hewitt.com.
Other Contacts
Anna Mitchell, Capital MS&L, 020 7307 5346 or anna.mitchell@capitalmsl.com
Supriya Mathur, Capital MS&L, 020 7307 5347 or supriya.mathur@capitalmsl.com