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Aon Hewitt

GBV: Let’s start our discussion with the highlights of your career, and your focus on global pensions. Thierry Verkest: Aon is the leading global professional services firm providing risk, retirement, and health solutions. I am based in Brussels; I’ve always worked in Belgium, and for more than 25 years I’ve helped international organizations manage the design and financing of their pension funds. We have offices all over the world

Some ten months after selecting its key service providers, European cross-border pension plan RESAVER is poised to begin operations in March 2017. A brainchild of the European Commission, RESAVER is a pension plan specially designed for highly mobile researchers working at public and private research institutions and universities, SMEs, and research and technical development companies. It is advised by Aon Hewitt; BlackRock won the initial investment management mandate; and

According to a December 2016 Reuters report, Aon is in the process of selling its employee benefits TPA business unit for $5 billion. Aon had in 2010 acquired most of this unit as Hewitt Associates for $4.9 billion. The negotiations with potential buyers, who are understood to include several private-equity firms, are expected to take more time. The unit’s EBITDA is estimated at close to $500 million, implying a

UK employers tend to fall short when it comes to having a defined health strategy plan for their employees, especially when the numbers are measured against mainland Europe, Middle East, and Africa (EMEA). Aon’s EMEA Health Survey Report, published in early 2016, revealed that only 30 percent of UK employers have a defined health strategy compared with 40 percent of EMEA employers, and that only 37% of UK employers

According to Aon Hewitt’s 2016 study of medical trend expectations of employer-sponsored medical plans in 90 countries, the cost of employer-sponsored medical plans is continuing to rise as in previous years and still significantly outpace global inflation. Average Medical Trend Rates by Region 2015 2016 Medical trend rate Annual general inflation rate Medical trend rate Annual general inflation rate Asia Pacific 10.4% 4.2% 9.4% 3.2% Europe 5.7% 1.6% 5.9% 1.6%

250 U.S. employers, representing nearly 7 million workers, recently took part in the “2016 Hot Topics in Retirement and Financial Well-Being” survey conducted in late 2015 by Aon Hewitt that revealed plans by large employers to expand their current financial well-being programs for their employees in 2016. The survey indicated that 55 percent of employers currently offer some sort of help for workers in the areas of budgeting, money

Modern Survey, a Minneapolis, U.S.A.-based employee survey and talent analytics solutions provider, has been acquired by Aon Hewitt in February 2016. In search of new sources of revenues, large employee benefits consulting firms are diversifying into and/or expanding employee engagement services. Modern Survey is responsible for software solutions in the areas of talent analytics, onboarding, 360o feedback, engagement, retention, performance, and measurement. Modern Survey’s current offerings are visible at