The Wolseley Group has announced that the Aon Mastertrust will be the new pension provider for its £230m defined contribution (DC) scheme, which has over 13,000 members.

The plumbing, heating, cooling and infrastructure merchant opted to move to the Aon Mastertrust after a "thorough and detailed" bid process overseen by Vidett, previously known as Punter Southall Governance Services.

Aon will now provide the group with master trust services, along with integrated life cover broking, administration and claims settlement.

Commenting on the appointment, Wolseley Group reward manager, Ant Donaldson, said: “We really wanted to focus on optimising outcomes for our members, so we spent a lot of time on comparing investment performance and strategies, supported by specialist consultants.

"We also looked at the support given, plus the range and accessibility of the different options available when members come to access their benefits - together with ongoing engagement with members throughout their pension journeys.

“Aon stood out in those analyses and then followed through by supporting every step of our transition, including working alongside us throughout our all-colleague consultation, providing clear and engaging communications, including a series of presentations and webinars,” he added.

Adding to this, Aon DC head of clients, Louise Wheeler, said that Wolseley’s values were built around “exceptional” customer service and nurturing of its employees.

“This matches Aon’s approach to caring for our clients and their members, and so we were thrilled that we were able to work with Wolseley and work so closely together to deliver fantastic engagement levels in the Aon MasterTrust.”

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