Updated with correction
The £55 million ($83 million) University of Durham Retirement Benefits Plan, Durham, England, appointed Aon Consulting as investment consultant, according to Janet Robertson, pension fund manager.
Aon will replace Jardine Lloyd Thompson, whose contract expires at the end of the month. Jardine had been invited to rebid in an RFP process that began last year.
The fund's asset allocation is 30% each in U.K. equities, overseas equities and bonds and 10% in real estate.