Aon International Wealth Update  
May 2023
Welcome to our latest newsletter, bringing you retirement, investment and employee benefit updates from all over the world.
Global
International Wealth Webinar Series 2023
Managing Climate Risk: 
24 May 2023

Canada and Brazil: 
21 June 2023

Japan and Korea: 
28 September 2023

Investment and Global Round Up: 
8 November 2023
Our International Wealth webinar series kicked off on 25 April 2023, covering hot topics in the UK and Germany pension markets. Our webinars are designed to help those responsible for governing, managing and overseeing retirement plans to understand new local retirement topics and key changes in local legislation. Click below to register for future webinars scheduled across the remainder of 2023.
Register Here
 
Global Retirement Breakfast Meeting Recap
A global retirement breakfast meeting was held by Aon’s International Wealth team in March 2023, discussing a range of regional trends and market topics across USA, LATAM, EMEA and APAC. Access the presentation slides below.
Read Here
 
Quarterly Investment Outlook
Our Global Asset Allocation team have produced their latest quarterly investment outlook in April 2023, which provides a roundup of investment developments, views and outlooks over the near future. 
Read Here
 
European Cross-Border Pensions
Cross-border pension funds provide a great way to simplify governance and provide economies of scale for multinational companies with retirement benefits across multiple EEA countries. Read our view on the market development report recently issued by the European Insurance and Occupational Pensions Authority (EIOPA) on European cross-border pension funds.
Read Here
 
Moving Beyond Economic Shocks Towards Growth
Rising interest rates, high inflation, tight monetary policy, and climate change – all are demanding investor attention and influencing decision-making, against the backdrop of significant economic and sector-specific shocks. Our webinar explores the global economic outlook and the implications for investment strategies and future growth. 
Watch Here
 
International Wealth Solutions Website
Our International Wealth website provides access to global retirement legislative updates, market insights and an overview of the various market-leading solutions available to help you through your unique multi-country pension challenges. 
Access Here
Regional
UK:

Spring Budget 2023
The Chancellor has published the Spring Budget 2023, including the abolishment of the Lifetime Allowance and significant increases to the amounts individuals can save for pensions without being subject to additional charges. Our technical update provides details on the important pension tax changes.
Read Here
 
Netherlands:

Pension Reform —
Next Steps
Legislation on the Dutch Pension Reform is concluding and will impact almost all employers and employees. The reform will fundamentally change the pension landscape in the coming years, having a significant impact on both future pension costs as well as accrued benefits for former employees and pensioners. Inaction is not an option. Our specialist Dutch and Global pension teams provide an overview of the changes and actions that need to be taken.
Read Here
 
Switzerland:

BVG/LPP Reform —
Law Adopted by the
Swiss Federal Chambers
On 17 March 2023, Parliament adopted the Occupational Retirement, Survivors’ and Disability Pension Plans (BVG/LPP) reform. The reform is expected to have a significant impact, in terms of benefits and in terms of funding, on occupational benefits institutions. A summary of the key changes are summarised below. 
Read Here
 
Spain:

New Qualified Pension Plan Contribution Limits
The Spanish Budget Law for 2023 (Law 31/2022) introduced changes to the calculation method for the maximum annual contributions to Qualified Pension Plans. A summary of the new contribution limits and impact on Occupational Plans is available below.
Read Here
 
US:

SECURE 2.0 Major Provisions Impacting Defined Contribution Plans
Our latest client alert explores the key provisions of SECURE 2.0 that impact defined contribution plans and for insights on how these provisions may impact plan sponsors as they consider updating their plans and strategies.
Read Here
 
India:

Statutory Provident Fund and Employees’ Pension Scheme Regulatory Developments
The Provident Fund (PF) and Employees' Pension Scheme (EPS) in India have seen some regulatory developments over the last couple of months, including the opportunity for employees to opt for the uncapped EPS. Please find below a publication covering the developments including Aon’s Point of View.
Read Here
 
Stay up to date
The links below share access to our latest insights within different geographical regions
UK
Retirement & Investment Website
Market Views & Analysis
Retirement and Investment Insights
Pension Clicks
Upcoming Events and Recent Webinar Recordings

Americas
North America Aon Retirement Insights
North America Aon Investment Insights
Canada Aon Retirement Insights
Canada Aon Investment Insights

APAC
APAC Retirement & Investment Insights
 
For additional information and other international retirement queries, please contact us