Aon Faces Setback in Suit Over Pension Termination Advice

A lawsuit accusing Aon Hewitt Investment Consulting Inc. and a subsidiary of giving faulty pension termination advice picked up steam when a federal magistrate judge advised against dismissing the case.

All parties to the lawsuit—Aon, Aon subsidiary Alight Solutions LLC, and pension plan sponsor Foundation Resolution Corp.—likely qualify as fiduciaries of the Citrus Memorial Health Foundation Inc. Pension Plan, Magistrate Judge Philip R. Lammens of the U.S. District Court for the Middle District of Florida concluded.

FRC is therefore authorized to sue under the Employee Retirement Income Security Act, and the Aon entities are capable of being sued under the ...