Aon Empower Results

Pension Clicks

In this edition of Pension Clicks, we summarise forthcoming changes to the Pensions Regulator’s powers and other news in In Sight, explore why schemes should mind the gender gap in DC provision and share our new guide to The future of DC.

In Sight
Our quarterly summary of pensions issues looks at forthcoming changes to the Pensions Regulator’s powers, along with the DWP’s latest guidance on equalisation for GMPs by conversion. It includes updates on DC investments, CDC schemes and other news.

Mind the gap!
Sophia Singleton examines the differences between men’s and women’s retirement plans and in particular, how DC schemes can ensure their support structures are appropriate for all. First published in Pensions Age.

The future of DC
In our new guide, published with Professional Pensions, we consider the key elements of DC pension provision, comparing it to where it was 10 years ago and examining how it could look 10 years from now.

Member Options Survey 2019
Earlier this year, Aon’s member options team carried out a survey looking into the actions being taken by around 320 DB schemes. It explored the support being offered to members at retirement and other actions being taken by schemes to increase the range of flexibilities in DB schemes.

Take part in the 2019 Global Pension Risk Survey
The 2019 UK survey and global leaders survey for multinationals are now open – we would welcome all responses from scheme trustees, managers and anyone else responsible for DB scheme strategy.

Interest rates – a change in path
A combination of slowing global growth, US/China trade wars and Brexit are threatening to change the path of interest rates. Our paper explores why it is as important as ever for pension schemes to re-evaluate their interest rate and inflation hedge programme in the current environment.

The many facets of multi-asset
Adrian Mitchell, our Chief Investment Officer, Delegated Consulting Services, joins a panel of experts discussing the definition of multi-asset investing and the role of multi-asset strategies and approaches in pension portfolios today, at a roundtable organised by Pensions Age.

What can we learn from the leaders in benefits governance?
Our new Benefits Governance and Operations Study explores best practice in global benefits governance, looking at key drivers, challenges and the strategies shared by organisations who are achieving their benefits governance aims.

Improve your scheme governance
The current environment makes decision making and running pension arrangements more demanding than ever. Our new brochure explores how you can build the right support for your scheme and enhance your pension and secretariat governance.

Retirement market update podcast
Victoria Panormo reviews recent pensions-related headlines and is joined by Dr Chris Sier from ClearGlass and Aon's Neil Smith to discuss the importance of scrutinising costs incurred by institutional asset owners.

Risk Settlement Bulletin
Our April bulletin looks at options for smaller schemes wanting to settle their pension risks; summarises the CMI’s recently-released standard mortality projections model, CMI_2018; and provides an update on insurer bulk annuity costs.

Week in Markets
A summary of market movements over the past week.

Aon in the press
This month, we say that increased auto-enrolment contributions are positive news, but that most DB schemes have work to do to define their long-term funding target. We advise Bank of America Merrill Lynch on a £400m buy-in and expand our Risk Settlement team with the appointment of Dave Barratt. Our Study, published with the American Benefits Institute, identifies progress on global benefits governance.

May 2019

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Dates for your diary

Pensions training dates available

Sign up here to reserve your place on any of the courses on our 2019 pensions training calendar.

16 May, London
Aon Community – Art Award Auction
On 16 May, we will host an awards and auction event where prospective buyers can purchase pieces from this year’s collection, supporting students from Glasgow School of Art, Leeds Arts University and Manchester School of Art.

18 June, London
2 July, Birmingham

A guide to risk settlement transactions
These morning conferences will help you understand which longevity de-risking strategy is right for you. Aon speakers will be joined by external experts, including Hannah Lewis of Behave London presenting the key findings from new behavioural research commissioned by Aon earlier this year.

Also on our website

GMP equalisation – 100 days later
Listen again to our webcast considering what we have learned since the High Court ruling on the Lloyds Bank GMP equalisation case, which is having wide-ranging impacts for the pensions industry. This session explores the steps taken so far, the challenges uncovered and how to design practical solutions for GMP equalisation.

Long-term funding targets – interpreting TPR's views: webinar
Listen again as we help you interpret TPR’s views on long-term funding targets.

Aon’s DC Pension and Financial Wellbeing webinar – Living the Dream?
Listen again to our webinar discussing insights from our new survey.

Online monitoring tool for your scheme
Our Risk Analyzer tool is now used by over 600 schemes to monitor various financial and risk measures. This video gives you an example of how Risk Analyzer could help you.

Read the latest update from our Retirement and Investment blog.