The new Aon Hewitt services will offer both advisory guidance and delegated investment services across a range of issues, including help on strategy and manager selection, to the insurance companies facing fresh challenges in the way they manage their assets and liabilities.

Similarly, for multi-nationals and UK corporates, the Aon Hewitt team will offer broad strategic advice on existing pension plans as well as other asset pools, with advisory services available on a range of issues from guidance on governance matters through to global flightplans.

As a part of extended services, the firm appointed new team focusing on these areas across Europe under the leadership of Zuhair Mohammed and will be co-led by Ian Bailey and Paul Docherty.

Aon Hewitt UK head of investment consulting John Rushen said this is an exciting period for Aon Hewitt’s Delegated Consulting Services the firm work with 98 pension schemes globally with $23bn of assets under management.