Released on: December 1, 2007, 1:12 am

Press Release Author: Alexandra Lewis

Industry:

Press Release Summary: Philip Hammond MP, Shadow Secretary of State for Work and
Pensions, presented Aon Consulting's Pension & Investment Journalist of the Year
Awards last evening at the Houses of Parliament.

Press Release Body: Philip Hammond MP, Shadow Secretary of State for Work and
Pensions, presented Aon Consulting's Pension & Investment Journalist of the Year
Awards last evening at the Houses of Parliament.

He told a packed audience that the media has a major role to play in restoring faith
in pensions among employers and individuals. He said: "We must stop the damaging
effect of the constant media reminders of pension failures past, before we can
create a platform for pension successes future. We must do this not by stopping the
media, but by addressing the causes."

Mr Hammond also highlighted the need for employers to be able to arrange pension
schemes which represent value for both them and their employees. He said: \"If it
costs an employer £100 to provide a pension benefit (allowing properly for the risks
being taken on) but the employee values it at only £80; then this is unsustainable.
If we can get to a position where it costs the employer £100 to provide a benefit
but the employee values it so highly that he is prepared to give up £110 of salary
for it, then employers will be keen to provide pensions. This ought to be possible,
at least for large employers, who have a much greater ability to manage risk than an
individual.\"

In its 24th year, the Aon Consulting Awards are unique in their recognition of the
essential role the UK media plays in shaping the attitudes of individuals, employers
and regulators towards providing enough funds for people's retirement.

This year's winners are:

* Richard Scott (BBC News) impressed the judges most in the CONSUMER PENSION AND
INVESTMENT JOURNALIST OF THE YEAR category with his ability to explain complex
issues to a broad audience and encourage them to take action;
* Anthony Hilton (Evening Standard) won the BUSINESS PENSION & INVESTMENT
JOURNALIST OF THE YEAR award for thought-provoking analysis of contemporary
issues
* Charlotte Wolff (Equal Opportunities Review) took home the trophy in the
TECHNICAL PENSION & INVESTMENT JOURNALIST OF THE YEAR category for original and
readable articles
* Thomas Escritt (European Pensions News) secured top marks as best NEWCOMER TO
PENSION & INVESTMENT JOURNALISM, for his remarkably mature and knowledgeable
approach
* Pádraig Floyd (Pensions Management) polled the most votes from fellow
journalists to win the PEOPLE'S CHOICE award and illustrate his standing during
a radical period for the industry.

Aon Consulting is one of the UK\'s leading firm of actuaries, employee benefit and
human resources consultants. The awards recognise the work of journalists who
provide technical or analytical comment for professionals working in these areas,
including pensions specialists, fund managers and independent advisers.

The business, consumer and technical award winners each received a cheque for
£1,300. Winners of the People's Choice and Newcomer award categories were presented
with a £1,000 cash prize each. All winners were also presented with permanent
mementoes.

Presentations were also made to runners-ups in each of the judged categories. These
comprised: Sharlene Goff (Financial Times) and Faith Archer (Daily Telegraph) in the
CONSUMER CATEGORY; Anthony Harrington (Financial Director) and Mike Foster
(Financial News) in the BUSINESS CATEGORY; John Chapman (Money Management) and Ceri
Jones (Freelancer) in the TECHNICAL CATEGORY. Each received a prize of £500.

Donald Duval, chief actuary at Aon Consulting, said: "This is the twenty fourth
consecutive year that Aon Consulting has sponsored the Pension & Investment
Journalist of the Year Awards. We are delighted that a record number of journalists
entered the Awards - well over 70 entries this year. Journalists play a vital role
at encouraging everyone to take appropriate action to ensure they make the most of
the longer and healthier lives being enjoyed.

"This last year has been a busy year for financial journalists, who have had to keep
up with accelerating pace and change in the industry. We have seen increasing
numbers of employers prepared to close defined benefit schemes to future accrual;
liability driven investment and growth assets such as hedge funds growing in
popularity; pensions regulations relaxed to encourage greater saving from A-Day; and
many of the largest defined benefit schemes returned to surplus. Next year's awards
promise to shine a light on another eventful year for the industry."classic
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Notes to editors:

About Aon Consulting

Aon Consulting is a leading human capital consultancy, helping organisations of
every size to attract and keep the employees they need. We advise on all aspects of
employment, including health-related insurance and risk; employee compensation and
pensions; human resource strategy planning; job design and change management; and
staff assessment and legal issues. Aon Consulting is a division of Aon, one of the
UK's largest insurance brokers and providers of risk management services and a major
force in reinsurance and the UK human capital consulting market. Aon Consulting
Limited is authorised and regulated by the Financial Services Authority.

Aon UK is ranked by A.M. Best as the number one global insurance brokerage based on
brokerage revenues and voted best insurance intermediary, offering classic
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