Aon Hewitt and Babcock International Group, an engineering support services organization, have entered into partnership, whereby Aon Hewitt will introduce an operational review and change program to Babcock's Pensions Administration Office (PAO) in Thurso, Scotland.
Under this partnership, Aon Hewitt, the human resource consulting and outsourcing business of Aon Corporation, will provide guidance, expertise and experience in the pensions administration field in order to support a program of change.
According to the Aon, the partnership is part of a significant investment Babcock is making in its PAO.
The investment is designed to secure existing jobs and to create a platform for further new job creation in the Thurso region. A full training and development program for existing staff will also be implemented and supported.
The PAO is a provider of pensions administration services. It currently employs 37 people providing administration under contracts which encompass more than 72,000 members. Its main focus is the administration of complex final salary public service schemes, but it has expanded over the last five years to take on the administration of additional schemes including the private sector, DC and CARE structures.
Babcock group pensions manager Andrew Birkett said Babcock is committed to the local area and it is hoped that the drive to expand the business will have the added benefit of creating further opportunities for local employment.