Aon
Aon’s Pension Clicks has been designed with your business needs in mind. We aim to
provide you with data, analytics and insights to inform and shape your scheme decisions for the better.
Featured in this September 2025 issue:
  • In Depth: Pension Scheme Funding – An Analysis of Completed Valuations
  • On the Horizon: Key Legislative and Regulatory Developments
  • Collective DC Decumulation Report: Meeting People’s Needs
  • Happy Returns for DC Solutions: Celebrating 10 Years of Aon’s DC Default Strategies
  • Podcast: The Evolving Landscape of the Risk Settlement Market in 2025
In Depth | Pension Scheme Funding – An Analysis of Completed Valuations
This In Depth analyses UK pension schemes' funding valuations completed up to July 2025. It shows that nearly two-thirds of schemes were fully funded against their technical provisions and around half are now fully funded on a buy-out basis. Against this background, the new funding regime focuses on reducing reliance on the employer covenant as a scheme matures and provisions are included in the Pension Schemes Bill to make surplus refunds to employers easier. Trustees and employers are considering the full spectrum of endgames in order to assess which will deliver the best outcomes for pension scheme members and sponsors.
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On the Horizon | Key Developments Likely to Affect Pension Schemes
To help with planning, our On the Horizon summary provides a reminder of some of the legislative and regulatory developments expected over the coming year and a few key dates beyond that.
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Collective DC Decumulation Report | Meeting People’s Needs
This recently updated report explores the potential of decumulation-only Collective Defined Contribution (CDC) pensions as a valuable addition to the UK’s retirement landscape. Drawing on recent consumer research, it highlights significant demand for CDC pensions as an alternative to traditional drawdown and annuity options and examines how these schemes could better meet the diverse needs of retirees in a changing regulatory environment.
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Happy Returns for DC Solutions: Celebrating 10 Years of Aon’s DC Default Strategies
We have been marking the 10-year anniversary of Aon’s DC default strategies, and market-leading investment performance, with a range of activities, including:

CIO Profile, Corporate Adviser – Jo Sharples shares Aon’s DC Solutions story, from the 2015 beginning to today.

Better by Default Pensions Forum Panel – Rauri Grant of the PLSA and Paul Macro, recently appointed trustee to The Aon MasterTrust, joined Joanna Sharples, CIO for Aon’s DC Solutions, to discuss the future of default investment performance.

Podcast - DC Investment Innovation and Success – Louise Wheeler and Jo discussed innovation and client successes with John Harney and Jennifer Michel.

Aon has grown to become one of the fastest-growing UK DC solutions providers and our default investment performance is integral to that growth. In recognition of this, Aon was crowned winner of the 2025 Corporate Adviser Ultimate Default Fund Provider award.
Retirement and Investment Update Podcast:

The Evolving Landscape of the Risk Settlement Market in 2025
In this podcast, Aon’s John Harney is joined by colleagues Lisa Varley and Sam Matto-Willey to discuss recent developments in the DB risk settlement provider market, as well as recent transaction trends.

You will also hear the key pension news from the last month summarised by John.

Read Aon’s Q3 2025 UK Risk Settlement Bulletin

Learn more about Aon’s DB endgame services

Send us your topic suggestions, comments and questions to TalkToUs@aon.com
Listen to the Podcast
Upcoming Events
Human Capital Insights Conference
Making Better Decisions to Unlock Workforce Potential.
25 September 2025, London

This conference will bring together industry leaders, HR professionals, and experts to discuss the latest trends, challenges, and opportunities in human capital management - don’t miss the opportunity to gain valuable insights to drive your HR, Total Rewards and Pension strategies forward and enhance your expertise and connect with peers in the field.

Click here to view the agenda and register

Aon 2025 Run-on Forum
Untapped value: Releasing the value of your surplus, short and long term
18 September 2025, London

Join our experts and guest speakers who will be addressing the hot topic of surplus release on an ongoing basis – understanding the implications of the different variables and stakeholders. Taking you through case studies and original analysis, designed to answer the key questions:
  • How much surplus is it safe to pay out?
  • What does this option mean for your schemes’ short and long-term strategies?
  • How can you get all stakeholders to agree?

Click here to find out more and register

Aon Breakfast Forum
The Future of Member Options and Support
09 October 2025, London

During this breakfast discussion, we will be exploring how member options and support is changing, sharing insights to the latest developments in improving members’ retirement experiences,  with a focus on the technological advances that can lead to better member support.

Click here to find out more and register

Aon’s Wealth Insights Conference
Better Decisions for the Future of Investment
5-6 November, London

Join Aon’s investment team in November to explore the theme of investment leadership in today’s complex world. Aon’s Wealth Insights Series brings together asset owners, representing not-for-profit, insurance and pension portfolios, asset managers, and Aon’s investment leaders to exchange insights, share ideas and explore how institutional investing can continue to influence and shape tomorrow’s world.

Learn more and register here.
In the Press 
Aon survey finds slowdown in discretionary pension increases over 2024/25

Aon advises Misys Retirement Benefits Plan on £25 million buy-in

Aon advises NN Life on €4 billion Netherlands longevity transaction
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Pensions Training
Our brochure can be found here.
To register for our courses click for 2025 or 2026.
All London courses will be held at The Aon Centre.
Virtual webinars are also scheduled.

Please contact us to discuss your training needs: pensionstraining.enquiries@aon.com
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