Aon Empower Results

Pension Clicks

In this edition of Pension Clicks, we share our quarterly summary of pensions issues in In Sight, and launch our new guide covering how behavioural insights can help you navigate through pensions de-risking, while our article looks at how status quo bias in particular can hinder de-risking decisions.

In Sight – August
Our quarterly summary of pensions issues includes the Pensions Regulator’s consultation on the future of trusteeship and governance, along with further changes to investment duties for trustees. It also covers updates on funding, transfer developments and a round-up of other news.

Using behavioural insights to navigate through pension risk settlement
Our new step-by-step guide will help schemes navigate the de-risking market, exploring trustees’ understanding and views on longevity risk, examining the options available to reduce that risk and identifying behavioural biases that could impact these decisions.

Getting stuck in the status quo
Mike Edwards reveals how status quo bias may be preventing schemes from reducing their longevity risk in this article, first published in Pensions Age.

Risk settlement annual review
Read Aon's detailed annual review of the risk settlement market, looking at the latest activity in bulk annuities, longevity swaps and other pension risk transfer options.

Guide to Member Options
In chapter two of our guide, we address bulk exercises, focusing on IFA support and the implications of GMP equalisation.

Master trust consolidation – implications for employers and members
A robust authorisation and supervision regime has been introduced for master trusts that is intended to enhance member protection. As a result, we expect to see an increase in consolidation among existing master trusts. In this article, first published in Employee Benefits, Tony Pugh explores the implications for employers and members.

Who wants an Apple the size of Australia?
The popularity of passive investment has grown in light of strong equity returns in recent years. But there are likely to be headwinds ahead for global markets; these could be the start of a sustained period of volatility from which passive investors have no place to hide. Our paper explores alternative approaches.

Global Pension Risk Survey 2019: how are schemes managing their maturity?
DB schemes are maturing rapidly, with shorter deadlines bringing decisions about both scheme assets and liabilities into sharp focus. How are schemes tackling this? The UK results of our 2019 survey will be available next month – sign up to read findings and insights.

Retirement podcast: a focus on long-term funding targets
Key pension news from the last month. This month’s focus is on long-term funding targets, for which Victoria Panormo is joined by Lynda Whitney. Lynda explains some of the key issues and considers how in practice schemes are implementing this guidance from the Pensions Regulator.

Risk Settlement Bulletin – July 2019
In this month’s Bulletin, we look at some of the issues to consider when insuring pension increases, and how Pension Increase Exchanges (PIE) can help. We explore GMP conversion as an approach to GMP equalisation, and share the latest bulk annuity cost data.

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

Aon in the press
This month, Schneider Electric chooses Aon for fiduciary management and our paper reviews the new opportunities for pension scheme consolidation. We say that the McCloud judgment could be costly for public sector outsourcing contractors and Geri McMahon is named ‘Most Inspiring Returner' by Professional Pensions’ Women in Pensions Awards.

August 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 2019/20 pensions training calendar.

12 September, London
Responsible Investment Network
Save the date for our next RI Network meeting, taking place at our Leadenhall Street office. For more details please contact us.

18 September, London
Nudging members towards better DC decisions
An interactive half-day conference. How can we support and influence members to make decisions and to set and achieve retirement targets based on their individual financial situations?

19 September
Global Pension Risk Survey: how are schemes managing their maturity?
Join our free webinar to find out, with insights from our new survey.

26 September, London
2 October, Leeds
2019 DB Investment Conference
2018 saw some of the worst returns and most volatile markets for a decade. With volatility likely to persist, pension schemes are offered little respite. How can you invest for success?

30 October, London
Investment Breakfast Series: Cost Transparency
The latest in our series of breakfast seminars looks at the issue of cost transparency.

Also on our website

Providing options for members of DB schemes
Listen to our recent webinar, addressing the provision of options and support for members of DB schemes at retirement and in bulk exercises.

Webinar: Global DC and Financial Wellbeing Employee Survey
Listen again to our global webinar. How does reality compare with the perception of employees’ financial health? What do employees think about retirement? And how can employers balance workforce planning needs with a productive, engaged workforce?

Webinar: Mortality trends and longevity risk
Listen again to our webinar for updates on mortality data, longevity risk and the longevity market – is it reaching capacity?

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.