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Share Name | Share Symbol | Market | Type |
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Aon PLC | NYSE:AON | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.12 | -0.04% | 279.97 | 280.90 | 275.29 | 278.00 | 1,750,754 | 01:00:00 |
· Aon’s Median Solvency Ratio at end of Q4 2017 stood at 99.2%
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Quotes:“From a financial point of view, 2017 was a very good year for the plans many Canadians will rely on in retirement, and pension plans are entering 2018 on solid footing,” said William da Silva, Senior Partner and Retirement Practice Director at Aon Hewitt. “With solvency near 100%, it seems very clear that plan sponsors are looking at another manageable year regarding funding, and 2018 is also shaping up to be a good year for settlements, as one of the key impediments to fully settling liabilities – cash outlay – is now less of a concern.”
“Markets and monetary policy got together in 2017 to make Canadian pension plans healthier than we’ve seen in years,” said Ian Struthers, Partner and Investment Consulting Practice Director at Aon Hewitt. “Rising interest rates have decreased plan liabilities, but also remain low enough to continue to support the bull market in equities. How long these supportive financial conditions will last is anyone’s guess, but the good news for pensions is that they are in a strong position to mitigate risk and employ smart diversification strategies going forward.”
Key Facts:
A graphic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/df632699-925d-4241-abb0-f9028bc359ce
About Aon’s median solvency ratio surveyAon’s median solvency ratio measures the financial health of a defined benefit plan by comparing total assets to total pension liabilities on a solvency basis according to the different legislations. It is the most accurate and timely representation of the financial condition of Canadian DB plans because it draws on a large database and reflects each plan’s specific features, investment policy, contributions and solvency relief steps taken by the plan sponsor. The analysis of the plans in the database takes into account the index performance of various asset classes, as well as the applicable interest rates to value liabilities on a solvency basis.
ENDS
About AonAon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Media contactsFor further information please contact Alexandre Daudelin (+1.514.982.4910)
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