Pension Clicks
June 2022
In this edition of Pension Clicks, we explore why DC pension schemes must play their part in tackling climate change and examine how gender equity can accelerate the race to net zero. Our video shares strategies for setting long-term objectives for your DB scheme.
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.
 
Responsible by Design: The Future of DC Default Strategies
 
Katherine Patel says DC schemes must play their part in tackling climate change. This article was first published in Professional Pensions.
 
Accelerating the Race to Net Zero Through Gender Equity
 
 
Climate change disproportionately impacts women in their home, with their health and at their workplace. But how do these inequities magnify the risks to businesses from climate change? What are the business and environmental opportunities that arise from correcting those inequities? And how can pension schemes’ decisions make a difference?
 
Video: Risk Settlement – Setting Long Term Objectives
 
In the first 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 DB schemes of all sizes. 

Video one focuses on setting long-term objectives.
 
The Latest Pension Risk Transfer Insight In One Place
 
Aon's new Risk Settlement Hub, on the Professional Pensions' website, will deliver new content weekly. The first two articles, exploring the risk settlement journey and smoothest path to the endgame, are already live.
 
2022 Hybrid Pension Conference: Managing Risk and Supporting Members

Tuesday, 7 June 2022, Leeds 

Thursday, 9 June 2022, London
Live stream

Tuesday, 14 June 2022, Birmingham 

Thursday, 16 June 2022, Bristol
Live stream

Tuesday, 21 June 2022, Edinburgh
 
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.
 
Wealth Solutions Podcast June 2022 – Focusing on the Impact of High Inflation on Members
 
Key pension news from the last month summarised by Ricky Marsh. This month Ricky is joined by John Foster and Lynda Whitney to discuss the impact of the current high inflation environment on members of both DC and DB schemes, and how schemes can help their members to deal with this.
 
 
Aon in the press
This month, rising inflation raises questions on discretionary increases for UK pension schemes and we are appointed as adviser to the LGPS Administration and Communications National Framework in the UK.
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.
2022 Hybrid Pension Conference: Managing Risk & Supporting Members
Book an in-person place here. Book a virtual place here.
Also on our website
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