Value-added services
Alongside our core benefits administration services, Aon Hewitt offers a comprehensive range of products and services designed to respond to industry change and stakeholder requirements and expectations in order to bring real value to pension plans and members.
Data audit and reconciliation
Your members are central to your pension scheme. So, making sure that you hold the right information about them and their benefits makes good sense – it not only demonstrates your commitment to your members but also means the critical decisions you may need to take in relation to your pension scheme are founded on accurate information and meet the Pensions Regulator’s guidelines on good practice. Data audit, reconciliation and correction all form part of Aon Hewitt’s data management programme which will identify and rectify gaps, anomalies and inconsistencies in the information you hold about your members.
Pension scheme and member communications
In order to support our clients in meeting today’s pensions communications challenges and to maximise member education and engagement, Aon Hewitt can provide an innovative menu of scheme and member communication material, from the traditional "must haves" (benefit statements, scheme booklets etc) through to cutting edge member educational materials utilising the latest technology.
Cutting-edge online resources
As a pension scheme, you need to be sure that your members can access their pensions information quickly and easily and in a format that suits them. As such, we have invested heavily in the development and utilisation of web technology for pension scheme members and scheme managers. PensionLine is our market-leading online solution, providing instant access to all the information your members need and enabling them to take an active, more informed role in managing their retirement planning.
De-risking preparatory services
In order to mitigate the financial uncertainty associated with providing defined benefit (DB) pensions, many employers elect to discharge their DB liabilities to a third party through either full or partial buyout/buy-in. For many however, this can appear an expensive and daunting task. Aon Hewitt, with its expertise as a global leader in employee benefits consulting and solutions, offers a complete de-risking preparatory service for pension schemes that can deliver a simpler and cheaper entry into the buyout process.
Track and Trace
When you consider that 1 in 10 people move address each year it is understandable that, like most pension schemes, you may have lost contact with some of your deferred members. This can create significant problems for schemes, such as incorrect benefit payments and inaccurate liability valuations. Aon Hewitt has partnered with one of the UK’s leading tracing companies to provide a cost-effective means of validating the address information you hold, locating members you have lost contact with, and just as importantly, ensuring you do not lose contact with them again once they have been located.
Last updated 23 April 2013
Aon Hewitt Limited is authorised and regulated by the Financial Conduct Authority.