Pension Clicks
July 2022
In this edition of Pension Clicks, we look at how cyber risk awareness
has progressively made its way up the agenda for trustees and sponsors.  Our video focuses on key workstreams that need to be considered when journey planning; and our article on the journey to settlement looks at new risk transfer products that have entered the market recently.
On The Horizon
 
To help with planning, our On the horizon summary provides a reminder of some of the key legislative and regulatory developments expected over the coming year.
 
Pension Scheme Cyber Risk
The Outlook for 2022
 
It has been more than four years since the Pensions Regulator issued its guidance on how pension schemes should deal with cyber risk. In this note we reflect on the current environment and what it means for pension scheme trustees and sponsors.
 
Video: Risk Settlement - Key Workstreams That Need to be Considered When Journey Planning
 
In the second in a series of three videos, Aon risk settlement experts are joined by three professional trustees to discuss their experiences of preparing for and executing risk settlement transactions across schemes of all sizes.

Video two focuses on key workstreams that need to be considered when journey planning.
 
Alternative Risk Transfer Solutions
 
 
Are you aware of the new risk transfer products that have entered the market recently? Our article on the journey to settlement asks if they are right for you. 
 
The Latest Pension Risk Settlement Insights In One Place
 
 
Aon's new Risk Settlement Hub, on the Professional Pensions' website, delivers new content weekly on the different steps to achieve your journey to settlement.
 
Retirement Podcast
 
In this podcast you will hear the key pension news from the last month summarised by Ricky Marsh. This month Ricky is joined by Colin Cartwright to discuss the impact of the recent increases in bond yields on Defined Benefit pension schemes, with a particular focus on schemes with LDI strategies in place. 
 
Week In Markets
 
A summary of market movements over the past week. 
Aon in the press
Aon survey reveals that the majority of UK pension schemes have made a net-zero commitment or plan to soon. And it is announced that Maria Johannessen is joining the UK Investment team.
Events
Pensions Training 2022
We are running a full schedule of DB, DC and pensions governance training in 2022. You can find a copy of our training brochure here and book here.
Webinar: Accessing profit streams from well-funded pension schemes
13 July 2022
Well-funded pension schemes are expected to naturally generate surplus, which can lead to a new stream of cashflows and profits for those sponsors prepared to access them. During this webinar we will explore alternatives to the traditional pension scheme endgames, how they can be achieved in practice, and the potential win-win for sponsors and members.
Register now. 
Webinar - Pensions Endgame: Better Decisions
19 July 2022
During this webinar, we will discuss the latest market developments, with top tips on what to look out for in the months / years ahead. We will also share the key findings of our latest risk settlement survey. Register now. 
Also on our website
Check our upcoming events and webinar replays.
In this webinar Aon's specialists cover:
The role of covenant in deciding on key IRM actions
The impact of COVID-19 on mortality bases and how Aon's view compares to TPR
How the Annual Funding Statement may link to the Funding Code consultation later in the year
Ben Roe, Clare Freeman and Joe Betts discuss the results of Aon's 2022 DC Scheme and Financial Wellbeing Survey.
Aon Risk Settlement specialists are joined by experts from Eversheds Sutherland, JUST and Pension Insurance Corporation, to discuss what sub-£100m schemes can do to differentiate themselves, ensuring that they are best placed to attract insurer attention.
Aon experts are joined by Margaret Snowdon to discuss the new transfer regulations and how trustees can better protect their members from pension scams. We also delve into current topical issues such as how schemes can better support members in a period of high inflation and provide insights from our first completed GMP conversion and Pension Increase Exchange exercise.
For investors, flexibility is key to navigating continued complexity and uncertainty, and achieving investment objectives. Fiduciary management has evolved to offer that flexibility and enable better investment decision-making.

At this webinar, hear from Aon and industry experts about how fiduciary management can be used in many different forms
Listen again to any or all of five short virtual sessions, focusing on:
Climate change and the energy transition
Future trends and investment opportunities
Overcoming investment governance
DC pensions – practical steps for investors
DB pensions – practical steps for investors
Our latest Global Pension Risk Survey demonstrates how schemes are evolving their risk management policies to cover a wider range of risks as they continue their journey. This webinar talked through the survey findings.
During this 30-minute webinar, Joe Moore summarised the key pensions news from a corporate perspective over this last quarter, Rupert Kotowski shared the key takeaways from our recent Global Pension Risk Survey, and Louise Gibbs discussed insights from our Accounting Strategy team.
Our Risk Analyzer tool is now used by over 900 schemes, with £1 trillion assets around the world, to monitor various financial and risk measures. This video gives you an example of how Risk Analyzer could help you.
Check out these additional resources