Aon Empower Results

Pension Clicks

In this edition of Pension Clicks, we explore the possibility of equalising GMPs by conversion, ask whether you should focus on higher or lower earners when supporting employees on their retirement savings journey and invite you to sign up for our new research into longevity risk decision-making.

In Depth: Solving GMP equalisation by conversion
This In Depth focuses on a method of equalising GMPs which avoids the need to maintain dual (or multiple) administration records into the future – and allows schemes to remove GMP liabilities through a one-off exercise, by converting GMPs into an alternative benefit.

Focus on higher or lower earners?
Steven Leigh explains why both higher and lower earners need support during their retirement saving journey. First published in Pensions Age.

Sign up for your copy of new longevity decision-making research
Our latest research explores the behavioural biases that can get in the way of good decisions around longevity risk. Carried out with the behavioural insight agency Behave London, the research will be out later this month. Email to receive a copy as soon as it is released.

Adding value through investment solutions
The combination of challenges and pressures facing pension schemes today really has never been greater. From lower returns impacting funding levels, to diversification, to derisking, to the timeliness of trustee decisions. Here we look at how pension schemes can tackle some of these issues.

Benchmark your approach to responsible investment
Responsible investing – including ESG, impact, socially responsible and mission-related investing – is becoming a key focus among pension and other institutional investors. Benchmark your views, approaches and the barriers you face in your RI journey by taking part in our second survey on the topic.

Responsible Investment Newsletter
We round up the latest RI news, exploring how investors can measure the impact their investments are having and sharing the latest legislative, regulatory and industry developments.

Putting responsible investment into practice
Read the outputs from our latest Responsible Investment Network meeting, where delegates discussed Aon’s Responsible Investment Roadmap and key RI terminology.

Are the recent automatic enrolment minimum contribution increases ‘job done’?
Adam Burn provides an expert insight into why complying with the final phased increase of minimum automatic enrolment contributions for money purchase arrangements should not be viewed as 'job done' – by either employers or employees.

Employers: how to help employees avoid Lifetime Allowance breaches
Since 2006 nearly 3,000 investors have lost their LTA protection. Anthony Kemp looks at why, and suggests how employers can help.

Trustee governance: learning from the Corporate Governance Code
Like corporate boards, trustees make difficult decisions regarding millions of pounds that impact thousands of people, while meeting only infrequently. The Financial Reporting Council’s Corporate Governance Code, designed to provide a framework for corporates, can also be of huge value for trustee boards wanting to improve their governance, as Lynda Whitney explores in this article, first published in PMI Aspects.

Test your scheme’s cyber-resilience
A large proportion of cyber-attacks start out with a phishing email, which is an attempt to trick the recipient into following a link or providing data to the cyber-criminal. We are offering you the chance to test your scheme’s resilience to a potential attack, by taking part in a simulated phishing exercise.

Retirement podcast: featuring a focus on cyber security
Key news from the last month summarised by Victoria Panormo, with a detailed focus on cyber risk. Paul McGlone looks at the potential impact on pension schemes of cyber incidents. What steps can trustees and sponsors take to ensure best practice around cyber security?

Risk Settlement Bulletin – May 2019
This month’s bulletin examines the importance of member marital status when preparing for insurance transactions; reviews 2019’s actuarial valuations; and looks at current insurer bulk annuity costs.

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

Aon wins twice at the FT PIPAs
Aon was the proud winner of not one but two awards at this year’s Pension and Investor Provider awards. We won 20 Years of Excellence in Investment Advice and 20 Years of Excellence in Actuarial Advice, among a field of impressive finalists. Congratulations to everyone involved!

Aon in the press
This month, our research shows that schemes are continuing to increase member support at retirement and Alison Cosadinos joins our international retirement team.

June 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.

12 June
Investment breakfast: alternative credit
The latest in our seminar series explores the role of alternative credit in portfolios, why trustees should consider investing now, the current opportunities and how to sensibly construct alternative credit portfolios.

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.

20 June
Webinar: Global DC and Financial Wellbeing Employee Survey
Uncover global insights from our Living the Dream report and other Aon studies on DC and Financial Wellbeing. What is the reality vs perception of employees’ financial health? What do employees think about retirement? And how can employers balance workforce planning needs with a productive, engaged workforce?

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.