Jit Parekh has joined Aon as a partner in its UK defined contribution (DC) team.
Parekh joins from Schroders Solutions, where he initially headed the DC team and was responsible for both advisory and fiduciary DC clients. He subsequently moved into a wider role, covering proposition development and strategic opportunities across DC and DB schemes, both in the UK and globally.
Parekh hás over 12 years’ experience advising both trustees and corporates, and has previously worked for both WTW and Isio in consultancy roles.
Aon senior partner and head of DC consulting Ben Roe says: “As DC pensions become the main retirement vehicle for the UK population, we are inevitably seeing expansion in the market, requiring fresh solutions and thinking to build a more resilient workforce.
“Parekh has joined us at this key time in the market’s development. I’m sure our clients will soon be benefiting from his wide and excellent knowledge and experience.”
Parekh adds: “The DC market continues to grow and evolve at pace. However, there remains a real issue around retirement income adequacy. It is therefore critical that corporates and trustees look to deliver strong outcomes for members.”
He adds that the team at Aon is well positioned to help clients make better decisions on these challenges.
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