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Everything you need to know about employee benefits

The more we know, the better we can help you obtain the best business outcomes from your employee benefits. So every day, you’ll find Aon analysts elbows-deep in data, refining our understanding of what works, how, and why.

In particular, we collate and interpret the results of employee benefits surveys and research findings gleaned from thousands of organisations around the world. It gives us a deep well of information to draw from – and we’d like to share it with you.

You’ll find our latest employee benefits reports, whitepapers, research results, and literature, covering everything from auto-enrolment to expatriate benefits, on this knowledge hub.

Our experts love to talk through their findings, and hear perspectives from leaders working in the sector. So if you have a view on one of our white papers or reports – or if you’d simply like some clarification – please do email us at letstalkbenefits@aon.co.uk or call 0344 573 0033.

Aon Global Benefits COE Study Report
Aon Global Benefits COE Study Report

This COE study attracted over 120 participants from multinational companies, from across 20 countries, and provides deep insight into how organisations are utilising COEs and the factors which impact on their effectiveness. The study also looked at companies who have not implemented a COE model and compared/contrasted their responses with organisations that have.

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Now is the time for a fresh look at company pensions
Now is the time for a fresh look at company pensions

As the pensions industry continues to come to terms with enormous changes over the last five years, business leaders are looking again at the defined contribution pension arrangements they’re offering employees. Read our article, first published in the Workplace Pensions Report, distributed with The Times.

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Workplace Pensions Report 2017
Workplace Pensions Report 2017

Distributed recently with The Times, the Workplace Pensions Report examines the ways in which changing regulation has and will influence the pensions landscape highlighting some of the decisions facing employers and members. Download a free copy of the publication in which Aon encourages businesses to take a fresh look at DC pensions.

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Wellbeing: Examining the correlation between employee health and financial wellbeing summary

May 2017

Employee health and wellbeing along with pensions and retirement have been dominant issues in the HR press for at least five years. Many employers have implemented wellbeing plans and many report good results. In light of this it would be reasonable to assume that employee wellness is improving, however the data suggests a different picture. In order to assess the significance of health in today’s workplace we have reviewed global, regional and national data and scrutinised detailed claims sources from our own client base.

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Wellbeing: Examining the correlation between employee health and financial wellbeing summary
Wellbeing: Examining the correlation between employee health and financial wellbeing summary

May 2017

As well as the comprehensive whitepaper, we have also created a short summary of the key findings, which we strongly recommended you read.

Download the whitepaper now »
Aon Client Briefing - Spring Budget
Aon Client Briefing - Spring Budget

March 2017

It is clear that the Chancellor wishes to “keep his powder dry” for what promises to be an eventful 2017. Whilst a relatively uneventful Budget, this should not mask the changes currently underway from previous Budgets. Many of these are significant for Employee Benefits and in need of urgent review given we are a few weeks away from implementation on 6 April 2017.

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Aon DC Members Survey
Aon DC Members Survey

February 2017

With pensions continuing to be a significant focus for employers, we're pleased to be able to reveal some of the findings from our second DC Member survey. The main topic that this survey was designed to look at was "Helping your members achieve their goals". The survey was carried out in association with YouGov and was completed by over 2000 DC Members from a range of companies.

Download the full report here »
Employee Benefits and Trend Survey
Employee Benefits and Trend Survey

February 2017

Now in it's seventh year, this survey looks at all of the main areas in Employee Benefits and aims to look for any trends in what companies are planning for this year and the issues they may be facing. This was completed by over 200 HR and Benefits professionals, the full, detailed report is now available.

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Death in Service Pension Survey
Death in Service Pension Survey

December 2016

This paper looks at the options open to Trustees and Employers who may be their Death in Service Pensions. A combination of economic , social and legislative forces have conspired to force many policyholders to consider alternative options for what is increasingly becoming regarded as an unsustainable, out of date benefit to be consigned to history along with defined benefit pension arrangements to which the DISP promise was often so closely attached. We look in more detail at options, including re-financing, re-designing or replacing the benefit. This paper looks to help Trustee and Employers still to confront these challenges.

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Aon 2017 Global Medical Trend Rate Report
Aon 2017 Global Medical Trend Rate Report

December 2016

Aon Hewitt is pleased to present the results of its 2017 survey of average medical trend rates from countries around the world.

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Salary Sacrifice
Salary Sacrifice

October 2016

On the 10th August 2016, HMRC launched the long awaited consultation on salary sacrifice. This follows the March 2016 budget announcement that the Government remain concerned about the growth of salary sacrifice schemes.The Government has set the Autumn Statement for 23rd November 2016, when we expect to hear more on the exact outcomes. In the meantime, read Aon’s briefing here:

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Aon Brexit Briefing
Aon Brexit Briefing

June 2016

A number of our clients have asked us for our view on the potential impact of Brexit. As a firm we do not form or publish political opinions and so do not wish to inform or influence the opinions of our clients in this matter. However we accept that the question of the potential impact of Brexit on employee benefits is a valid one and as employee benefits consultants, we can consider the potential consequences of the Referendum.

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EMEA Health Survey
EMEA Health Survey

May 2016

In the first quarter of 2016. Aon carried out its Health Benefits Survey. The survey aims to identify health trends within EMEA, and highlight where practices differ across countries, regions and EMEA as a whole.

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Health Changes in EMEA
Health Changes in EMEA

May 2016

Improving health and preventing disease is a key issue for policymakers across Europe, the Middle East and Africa (EMEA), whether this is at the Government level, driven by European Union initiatives or by non-Government bodies, such as the World Health Organisation, or a combination of all of these. While different countries within the region will face slightly different challenges, the burden of chronic disease is rising at a significant rate globally and this, combined with an ageing population, means healthcare expenditure and existing healthcare systems are unsustainable.

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Aon Defined Contribution DC Survey 2015
Aon Defined Contribution DC Survey 2015

December 2015

We have surveyed over 300 defined contribution (DC) pension scheme managers, trustees and sponsors at a crucial juncture for workplace savings. The past few years have seen an acceleration in the rate of change in DC pensions, with the start of auto-enrolment, the 2014 Budget changes (the Freedom and Choice agenda) and the regulation of costs via the charge cap.

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2016 Global Medical Trend Rates
2016 Global Medical Trend Rates

November 2015

Aon Hewitt is pleased to present the results of its 2016 survey of medical trend rates from around the world. The survey was conducted among Aon Hewitt offices that broker, administer, or otherwise advise on medical plans that are established and managed by employers in each of the 90 countries covered in this report.

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Employee Benefits and Trends Survey 2015
Employee Benefits and Trends Survey 2015

November 2015

Download the sixth annual Aon Employee Benefits and Trends Survey report for free to get a detailed insight into the current UK benefits landscape. This extensive study covers four key areas of benefits provision; health and risk benefits; online benefits – flexible benefits and total reward; communications; and defined contribution pensions, including pensions auto-enrolment. Key findings include over half of respondents expect their benefit spend to increase in the next 12 months and most respondents provide benefits in order to meet market norms. Driving productivity and engagement and retaining talent are other reasons cited for providing benefits programmes.

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The Real Deal- 2015 Retirement Income Adequacy at Large Companies
The Real Deal- 2015 Retirement Income Adequacy at Large Companies

October 2015

Aon Hewitt’s sixth installment of The Real Deal study analyzes the financial retirement readiness of 2.1 million employees of 77 large U.S. employers. The study projects employees’ retirement needs and resources, assuming their current behaviors continue. The report analyzes retirement risks, measures employer and employee actions to help improve retirement outcomes, and provides our answers to the critical questions employees and employers need to consider while preparing for a financially successful retirement.

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Pension Taxation Reform Report
Pension Taxation Reform Report

October 2015

This is a summary of the Aon response to the HMRC consultation “Strengthening the incentive to save: a consultation on pensions tax relief”.

We have taken as our starting point — based on repeated comments from Treasury — that the objective of this consultation is to review the effectiveness of the current structure of incentives available to encourage pensions saving. However the Treasury consultation also stresses that the cost of current reliefs on pension saving is significant. There are relatively few comparable opportunities available to the government to improve public finances to the extent of pension taxation, and we accept that it would be reasonable for Treasury to question the overall quantum of relief offered. The proposals we have set out below address both the incentive and overall quantum of support for pensions.

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Employee reward and benefits for multi-generation workforces
Employee reward and benefits for multi-generation workforces

September 2015

Popular segmentation thinking argues that we now have 5 generations in the workforce and that they have differing needs and preferences. These differing needs and preferences when taken in the context of employment reward and benefits are caricatured by the “twenty-something” being disinterested in pension and keen on retail discounts and the “fifty-something” worried about pension and health. And of course flexible benefits is the answer… because this way employers can offer choice and employees can tailor their package to suit their preferences and lifestyle.

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Improving Employee Resilience
Improving Employee Resilience

August 2015

Improving employee resilience requires a strategic and sustained campaign rooted in the collective wellbeing needs of the workforce, says Charles Alberts, Senior Consultant at Aon Employee Benefits.

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The July Budget - more change, more complexity for pensions
The July Budget - more change, more complexity for pensions

July 2015

The 8th July Budget covered a wide range of issues. Here is a summary of the pension and benefit related ones.

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The July Budget - employee benefit changes and implications for flexible benefits
The July Budget - employee benefit changes and implications for flexible benefits

July 2015

The most significant budget implications in the employee benefits space were pension related, including the new consultation on the future pensions taxation landscape. However, this briefing focusses on other employee benefit changes from last week's Budget and their implications for employers. We also cover recent developments for tax free childcare.

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Changes to pension tax relief
Changes to pension tax relief

July 2015

In the 2015 Summer Budget, the government announced yet another reduction to the tax relief available on pension savings, this time targeting individuals earning more than £150,000 per year. Proposed changes to the Lifetime Allowance, announced in the March Budget, were also confirmed.

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Aon Global Benefits Survey 2015 A European Perspective
Aon Global Benefits Survey 2015 A European Perspective

June 2015

Aon's European study of Global Benefits practices had participation from over 180 multinationals and provided rich insight into how organisations are managing employee benefits around the world.

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Lifetime Allowance Budget 2015
Lifetime Allowance Budget 2015

March 2015

As part of the 2015 Budget, the government announced yet another reduction in the tax relief available on pension savings.

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In-depth guide to retirement and pension changes produced by Aon Employee Benefits and Reward Guide
In-depth guide to retirement and pension changes produced by Aon Employee Benefits and Reward Guide

March 2015

Pensions auto-enrolment might have seemed like change enough for the employee benefits world. However, the transformations to retirement savings announced in the 2014 Budget has given both the pensions industry and employers an entire new set of requirements to comply with by the ambitious deadline of April 2015. In this guide to retirement choices and the new pensions rules, Reward, in association with Aon Employee Benefits, highlights key changes that HR directors need to be aware of, and what that means in terms of working practices.

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April 2015 Freedom & Choice: Guidance Guarantee - Latest Developments
April 2015 Freedom & Choice: Guidance Guarantee - Latest Developments

February 2015

Following the new retirement options offered under the April 2015 Freedom and Choice announcement, George Osborne declared his intention that everyone should have access to free guidance to help them make sense of their options at retirement. HM Treasury has announced that this new guidance service will be branded as, 'Pension wise: Your money. Your choice'. The consumer-facing, impartial organisations; The Pensions Advisory Service and Citizens Advice had previously been named as delivery partners. The latest Treasury update summarises developments so far, and provides some further details of how the service will operate.

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2015 EMEA Employee Benefits Communication Survey now available
2015 EMEA Employee Benefits Communication Survey now available

February 2015

Although just under three quarters of UK employers communicate their employee benefits packages to staff - either in-house or via an external provider - many are disappointed with the impact. Our 2015 EMEA Communication Survey has tips for employers wanting to address this.

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Employee Benefits and Trends Survey 2014
Employee Benefits and Trends Survey 2014

September 2014

The fifth annual Benefits and Trends Survey builds on our previous years' studies to provide an overview of the key issues impacting the benefits world today. An essential read for all benefit professionals, the report covers a breadth of topics across the benefits spectrum, including flexible benefits, pensions and auto-enrolment, employee communications, health, risk and wellbeing solutions, and total reward. This is your opportunity to get an insight into how companies are dealing with the challenges of an industry currently faced with immense change, and how this is impacting benefit strategies.

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Employee Benefits and Trends Survey 2013
Employee Benefits and Trends Survey 2013

2013

The fourth Aon Hewitt Benefits and Trends Survey provides an authoritative picture of today's UK benefits landscape. Covering DC pensions, including auto-enrolment, flexible benefits, health and risk benefits and communications, the survey paints a picture of evolving benefits provision within an environment of changing legislation, and of employers struggling to convey the value of the benefits they provide.

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