Pension Clicks
April 2022
In this edition of Pension Clicks, we explore why digging into the detail is vital in improving DC scheme outcomes, hear how Energy North West combined GMP Equalisation and PIE, and explore the five challenges that can derail DB pension schemes.
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.
 
DC Schemes: Dig into Detail to Improve Member Outcomes
Ben Roe and Joe Betts analyse Aon’s DC and financial wellbeing survey in this article, first published in Professional Pensions.
 
Hear From Electricity North West on Combining GMP Equalisation and PIE
In this short video, Colin Ross, Group Pensions Manager, shares his experiences of Electricity North West's recently completed GMP equalisation and PIE exercise. Colin shares key insights on how they turned GMP equalisation into an opportunity to offer valued options to the scheme's members.
 
Managing DB Pensions
Individuals with corporate responsibility for DB schemes are increasingly finding themselves managing the difficult situation of reducing pension scheme risks without increasing costs. Based on Aon’s experience guiding companies through this transition, we have compiled a list of five challenges that repeatedly stand out in our discussions with finance professionals and actions you can take to address them.
 
UK Risk Settlement Market Update: April 2022
2021 was a busy year for risk settlement transactions, with £43.8bn disclosed. 72% of bulk annuity deals in 2021 were full scheme transactions, reflecting rising funding levels, and Aon’s risk settlement group were lead adviser on 27% of the bulk annuity market. Read more analysis in our Market Update.
 
Retirement Podcast
Key pension news from the last month summarised by Ricky Marsh. This month Ricky is joined by Steve Leigh to discuss the increasing focus on adequacy and outcomes for DC schemes, including actions DC schemes can take to improve outcomes for their members.
 
Week in Markets
A summary of market movements over the past week.
 
2022 Hybrid Pension Conference: Managing Risk and Supporting Members
The 2022 Pension Conference Series is a hybrid, multi-city event throughout the month of June.

Whether you decide to attend in person or join from the comfort of your own desk, this free conference will offer you the opportunity to hear experts’ views and ideas on how to manage DB and DC pension schemes – and will give you a space to learn from and network with peers.

Book an in-person place here. Book a virtual place here.
 
Aon in the press
This month, our DC survey shows that member outcomes are taking centre-stage but schemes need to do more. We believe that proposed CDC regulations in the UK make it tough for small schemes but open up other options. The Aon MasterTrust and Tumelo join forces to boost member engagement and ESG knowledge. Our survey shows that investment approach is increasingly key to endgame plans of UK pension schemes and we launch our new Sustainable Multi-Asset Credit fund in the UK.
Events
21 April
During this webinar, Aon Risk Settlement specialists will be 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.
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.
2022 Hybrid Pension Conference: Managing Risk & Supporting Members
Book an in-person place here. Book a virtual place here.
Also on our website
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.
2020 was an historic year for volatility, and 2021 has been an historic year for recovery, so what does 2022 have in store? In this webinar replay, Aon’s Accounting Strategy Team share insights to ensure you are fully briefed on current issues and what actions you can take to achieve your objectives.
Pension dashboards are finally set to become a reality. At this webinar we were joined by the Pensions Dashboard Programme’s Head of Onboarding, Paul Noone to explore the requirements in more detail.
The third in our quarterly webinar series shared updates on current pensions issues from a corporate perspective. Alongside a summary of the 'need to know' headlines from the last three months, the webinar focused on how schemes can unlock value via GMP equalisation.
Check out these additional resources
This email message was sent by Aon. We are committed to maintaining your privacy and you may opt-out of receiving further email marketing communications at any time.

About this email: We periodically send information, announcements, and invitations like this to clients of Aon and others who have expressed an interest in receiving this information. We use cookies in our emails and newsletters to understand your interests and preferences. For more information about how we use this technology, please review our Cookie Notice.

Copyright © Aon
Aon Solutions UK Limited is authorised and regulated by the Financial Conduct Authority.
Aon Solution UK Limited's Delegated Consulting Services (DCS) in the UK are managed by Aon Investments Limited, a wholly owned subsidiary, which is authorised and regulated by the Financial Conduct Authority.
 
Online & Social media:
 
 
 
 
Managing your data: