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Defined Benefit Pensions

Reports, Articles and Whitepapers

Risk Settlement Bulletin - November 2017

Annuity pricing has been exceptional over the last few months, but how much better can it get?

Trustee Effectiveness Review: work in harmony.

At Aon our definition of good governance focuses on having the right structure, the right processes and the right people involved in running the pension scheme; with the right skills to not only mitigate the risks the scheme face but also to capitalise on any transient market opportunities.

Governance Viewpoints

Pension Schemes face many challenges, and as regulatory requirements continue to grow one of the key challenges is effective governance. With The Pensions Regulator now also focussing on this area, with its work on 21st Century Trusteeship and Governance, Aon has a simple process to review how your trustee board runs.

What are the biggest challenges facing UK DB schemes today?

New legislation, volatile markets and changes in member expectations create a challenging environment for sponsors and trustees alike.

In Sight - November

Our quarterly summary of pensions issues looks at the Regulator's scheme governance initiatives, as well as new money laundering regulations and a round-up of cases and other news.

Risk Settlement Bulletin - September 2017

2017 has continued to see improvements in bulk annuity pricing for a wide range of transactions. For some schemes we expect the cost of securing all benefits with an insurer has reduced by as much as 10% over the last 12 months.

Implemented pension consulting - address the problems of DB schemes without the hassle

The C Suite magazine looks at two case studies of Implemented Consulting in action

UK Settlement Market Volumes - First Half of 2017

This flash report details risk settlement business volumes for the first half of 2017.

Risk Settlement Bulletin - August 2017

Our monthly Risk Settlement bulletin looks at the advantages annuities can offer over other bond based de-risking strategies.

Risk Settlement Bulletin - July 2017

Our monthly Risk Settlement bulletin looks at the advantages annuities can offer over other bond based de-risking strategies.

Back to basics

Paul McGlone, Aon Hewitt, looks at why giving up the link between liabilities and gilts is not as simple as it sounds. This article was first published in Pensions World.

In Sight - August

Our quarterly summary of pensions issues includes the Regulator's annual funding statement, as well as the latest on DC charges and pensions advice; and a round-up of cases and other news.

A phased approach to bulk annuity purchases can deliver the best outcome for your scheme - July 2017

Tiziana Perrella explores how a tranched approach can pay benefits in this article, first published in PMI News.

Implemented Pension Consulting - Address the problems of DB schemes without the hassle

Andrew Grime talks to Accounting Web about Aon's Implemented Consulting.

How to address the problems of DB schemes without the hassle

Andrew Grime discusses how to reduce the problems of a DB scheme with Director of Finance magazine.

Choosing to transfer

Ben Roe, Partner and head of member options, examines transferring from a DB scheme. First Published in Pensions Expert.

Risk Settlement Bulletin - June 2017

Our monthly Risk Settlement bulletin looks at the advantages annuities can offer over other bond based de-risking strategies.

Global Pension Risk Survey 2017

The Global Pension Risk Survey is Aon Hewitt's biennial survey of scheme sponsors, trustees and other pensions professionals.

The 2017 edition of the UK survey covers 185 different schemes with nearly 4.5 million members and almost £500 billion of assets.

Pathway: An Easy Route to a Bulk Annuity

Implemented Consulting for DB Pension Schemes

Risk Settlement Bulletin - May 2017

Our monthly Risk Settlement bulletin looks at the advantages annuities can offer over other bond based de-risking strategies.

Regulator publishes annual funding statement

In this year's funding statement, the Pensions Regulator suggests specific actions for schemes in managing their deficits. The statement signals the Regulator's intention to be clearer on its expectations of trustees and employers.

Longevity market opens up to smaller schemes - increasing the range of insurance options

Hannah Cook looks at the four reasons for the expansion of the longevity market in this article, first published in Professional Pensions.

Bulk annuities - the perfect asset (for the right price) - April 2017

Tiziana Perrella discusses factors that may put schemes off bulk annuities and provides guiding principles for trustees and sponsors when buying the asset, in this article, first published in Professional Pensions.

How should trustees and employers negotiate valuations?

Part 3 of the Pensions Expert roundtable series on valuation methods with Paul McGlone of Aon Hewitt, Andrew Young, Leslie Scrine, Andrew Cheeseman and David Weeks.

The Aon Governance Challenge

Summary of Results

What alternative valuation methods can schemes use?

Part 2 of the Pensions Expert roundtable series on valuation methods with Paul McGlone of Aon Hewitt, Andrew Young, Leslie Scrine, Andrew Cheeseman and David Weeks.

Getting ready for a bulk annuity transaction

Securing pension scheme payouts via an insurance company needs careful preparation and a clear focus. John Baines, partner at Aon Hewitt, looks at how to achieve this. This article was first published in Engaged Investor in April 2017.

Capturing the pricing peaks

Michael Walker explains why a phased approach in the bulk annuities space can help pension scheme funding in this article, first published in Pensions Age.

Reducing the risk and cost of DB schemes

Ben Roe looks at how you can reduce the risk posed by your DB scheme in this article, first published in Today's CFO.

Risk Settlement Bulletin

Our monthly Risk Settlement bulletin looks at the advantages annuities can offer over other bond based de-risking strategies.

Risk Settlement Market Update

The bulk annuities market demonstrates capacity of £20bn for the first time.

Risk Settlement Market Review 2017

Aon's annual review of the risk settlement market covers bulk annuities, longevity swaps and other risk transfer solutions.

Does 'gilts plus' lead to inappropriate investment strategies?

Paul McGlone sat on a Pensions Expert Roundtable with Andrew Young, Leslie Scrine, Andrew Cheeseman and David Weeks to talk about valuation methods. This is the first in a series of write-ups appearing in April 2017.

In Touch - a Green Paper for DB pensions

A new Green Paper discusses many of the recommendations made by the Work and Pension Committee, and poses questions on possible ways forward.

A brighter future.

James Miller from Aon Hewitt discusses how to transfer your way to a better outcome. First Published in Pensions World in March 2017.

Governance: Delivering Pensions Stability Faster

This paper summarises our research into pension scheme governance and delivery models, and considers how a pension scheme should be organised in order to get the best possible chance of carrying out the tasks necessary to reach that aim. In particular, it considers how governance generally, and processes specifically, can assist or distract defined benefit (DB) pension schemes in achieving their long-term objectives.

In Sight - November

Our quarterly summary of pensions issues includes the Regulator's discussion paper on the 21st century trustee, as well as the latest on pensions inquiries and improving pensions advice.

Time to Focus on Getting Things done

Delivering Pensions Stability faster

The Aon Retirement Options Model

A user-friendly web-based tool to support defined benefit members at retirement.

PPF levy consultation

The PPF has published its consultation on the calculation of the 2017/18 levy. It runs until 31 October and is expected to be finalised in December. Our note summarises the proposals.

Monthly Risk Settlement Bulletin - September 2016

Our monthly bulletin provides an up-to-the-minute picture of the UK's risk settlement market, with insight and analysis.

Assessing your DB health

If Defined Benefit (DB) pension schemes were likened to the human lifespan, then they are entering middle-age. For most, the features of youth- contribution holidays, equity-laden investment strategies, and double-digit interest rates- are gone.

In Depth: Pension scheme funding - an analysis of completed valuations

This edition of In Depth sets out the approaches to and results of UK pension schemes' funding valuations completed up to July 2016. The analysis considers the assumptions adopted for assessing schemes' liabilities and formulating recovery plans, and looks ahead to next year's valuations and beyond.

Escrow White Paper - reconciling stability and surplus

Pensions Stability Buffer - Reducing the risk of a trapper surplus

Comparing different alternative financing solutions to solve pension deficits

Webinars and Video

Aon Hewitt Webinar: Longevity – the new market consensus

This webinar addresses the latest thinking in relation to pension scheme longevity

Aon Hewitt Webinar: Bulk annuities - A pricing peak or the new norm?

Bulk annuity pricing has appeared to go from strength to strength since mid-2016 and has recently reached truly exceptional value. With returns on annuities achieving up to 70bps above gilts we expect many scheme trustee and sponsors will want to know how to capture this opportunity whilst it exists.

Aon Hewitt Webinar: Bulk annuities - A pricing peak or the new norm?

Bulk annuity pricing has appeared to go from strength to strength since mid-2016 and has recently reached truly exceptional value. With returns on annuities achieving up to 70bps above gilts we expect many scheme trustee and sponsors will want to know how to capture this opportunity whilst it exists.

Getting the numbers right - DB Plans, what you measure is what you get...

What are the pros and cons of different approaches to valuations? Gilts+ is dead or long live gilts+? From the 2017 Pensions Conference Series.

Life, death and insurance

At the start of 2016, Solvency II loomed large with rumours of increases in bulk annuity pricing. What has happened in practice has been some of the most attractive bulk annuity pricing in recent memory. From the 2017 Pensions Conference Series.

Reaching $100bn of clients' assets

Helping over 400 clients through our delegated investment solutions.

Five pension ailments being felt by FDs today and how to treat them

Listen again to our webinar with Financial Director and find out how to health-check your pension scheme.

Bulk Annuities - Key factors to consider when investing in a bulk annuity

Bulk Annuities - Introducing Aons Bulk Annuity Compass

Implications of recent mortality trends for settlement transactions

Longevity Swaps - Managing your longevity risk effectively

Longevity Swaps - Longevity swap structures and getting the right price

The Aon Retirement Options Model: Supporting defined benefit members at retirement

With Defined Benefit (DB) pension schemes now able to offer greater flexibility for members, you can help people make the right, informed choice for the best possible retirement. How? With the Aon Retirement Options Model.

Pension Scheme Governance

Watch our video on Pension Scheme Governance.

Operational Effectiveness - How can companies get more from their time and money?

Watch our video on Operational Effectiveness.

Effective Business Planning

Watch our video on Effective Business Planning.

Implemented Consulting - A new way of working

Watch our video on Implemented Consulting.

Defined Contribution Pensions

Reports, Articles and Whitepapers

DC Scheme Survey - Full Report

Download the full report of our latest DC Survey - Navigating the Future.

Chapter Five: Overcoming headwinds

Download the fifth instalment of our latest DC Survey - Navigating the Future.

DC Roundtable - Part 2 - December 2017

Sophia Singleton and other pension experts discuss some of the latest issues in DC, including de-risking, multi-asset funds and exchange-traded funds, in the second part of a roundtable carried out for Pensions Expert.

DC Roundtable - December 2017

Sophia Singleton and other pension experts discuss some of the latest issues in DC, including de-risking, multi-asset funds and exchange-traded funds, in this roundtable carried out for Pensions Expert.

Chapter four: Powering the investment engine

Download the fourth instalment of our latest DC Survey - Navigating the Future.

Chapter three: Getting members on board

Download the third instalment of our latest DC Survey - Navigating the Future.

Support wanted - November 2017

Lynda Whitney asks whether DC pension schemes are really giving members what they want.

Aon's Defined Contribution Solutions

Depending on the level of involvement you want, we have a solution that can support you - from an investment only or bundled solution for trust-based schemes or a master trust or group personal pension arrangement for those looking to completely outsource.

Chapter two: Plotting the course for contributions

Download the second instalment of our latest DC Survey - Navigating the Future.

Chapter one: Setting the direction

Download the first instalment of our latest DC survey - Navigating the Future.

Trustee Effectiveness Review: work in harmony.

At Aon our definition of good governance focuses on having the right structure, the right processes and the right people involved in running the pension scheme; with the right skills to not only mitigate the risks the scheme face but also to capitalise on any transient market opportunities.

Aon Defined Contribution Scheme Survey Summary 2017 - Navigating the future

Trustees and pension scheme managers have a duty to help deliver the best outcomes for members. So this year we focused our research on their concerns, their obstacles, and how they can best approach the future.

The New World of Retirement - An action plan for an ageing workforce

Retirement is changing. The removal of the default retirement age, changes to the state pension age, freedom and choice retirement reforms, plus a shift to defined contribution pensions all mean that there is no longer a 'one-size-fits-all' model.

Achieving better investment performance: time to delegate?

In this paper, we discuss the investment challenges that are impacting the DC investment market. How can trustees address these challenges and what does a solution look like?

DC: New twists and turns

September 2017: The FCA Asset Management Review, DB to DC transfers and data protection are just a few of the items discussed on this month's DC roundtable agenda with Pensions Age. Featuring Aon Hewitt's Lynda Whitney, first published in the September issue of Pensions Age.

Aon’s Defined Contribution Solutions

Depending on the level of involvement you want, we have a solution that can support you - from an investment only or bundled solution for trust-based schemes or a master trust or group personal pension arrangement for those looking to completely outsource.

Reflect and regroup: Seven ways to assess if your pension scheme is fit for purpose

Now is the time to evaluate whether your pension scheme is meeting the needs of your employees and business.

Master Trust Market Insight Infographic

Our latest survey on master trusts contains a wealth of findings on what pension trustees, managers and employers see as the benefits, challenges and opportunities of master trusts. By understanding the wants and needs of those considering a master trust, we can ensure that today’s DC savers are well positioned for good retirement outcomes. The infographic shows some of the key findings from our survey..

Aon Delegated DC Services

The Budget changes will focus scheme members on the type of income they want - and expect - in retirement. Clearly, different members want different types of income: annuity, short term cash or long term income drawdown - or potentially a mix of the three.

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.

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.

DC - pausing for breath - April 2017

The Pensions Age DC roundtable panel welcomes the lack of pensions tinkering in the recent budget, but expects more change on the horizon. Featuring Aon Hewitt’s Lynda Whitney, first published in Pensions Age.

Wellbeing: Examining the correlation between employee health and financial wellbeing

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.

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

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

Does Currency Hedging Matter in DC?

Currency movements can have a significant impact on portfolio volatility and can dominate returns at times. Trustees should consider members’ exposure and likely tolerance for currency risk.

In this paper we explore considerations for currency risk in DC schemes.

What do DC members really want?

Lynda Whitney looks at how DC schemes can help their members to set and achieve their goals, in this paper, first included in PMI News.

DC members with diverse needs

Lynda Whitney considers the differing needs of three generational groups in this article, first published in Professional Pensions.

A risk-focused approach can improve outcomes

In this article, first published in Engaged Investor, Sophie Moore examines why things are tough for those setting investment strategy, and what they can do to improve their outcomes.

Setting goals

Be sure of the direction of travel in your DC plan, says Christopher Inman in this article, first published in Pensions World.

Analysing your DC members to deliver better solutions

Sophia Singleton explains how the use of member analytics can improve DC schemes’ investment and communication strategies in this article, first published in Pensions Age.

HR Master Trusts Guide

Take a look at our exclusive e-book in partnership with HR Magazine. This detailed report takes an in-depth look into master trusts and their role in the fast-changing world of workplace pensions.

Risk Analyzer: DC Viewpoints Discover

Aon’s approach to supporting the strategic direction for your DC scheme.

The Aon Defined Contribution Member Survey 2016 (summary)

This year, Aon has focused its annual Defined Contribution (DC) pension research on the members themselves. In collaboration with YouGov we conducted a nationwide survey of members of DC schemes to understand their views about retirement income, planning for their retirement and pension concerns.

Helping your members achieve their goals

This year, Aon has focused its annual Defined Contribution (DC) pension research on the members themselves. In collaboration with YouGov we conducted a nationwide survey of members of DC schemes to understand their views about retirement income, planning for their retirement and pension concerns.

Master Trust Market Insight

This survey of over 130 pension trustees, managers and employers gives a better understanding of what they see as the benefits, challenges and opportunities of master trust.

The Aon MasterTrust

Expert guidance gives your employees’ DC journey the direction it needs.

The Search for Quality: Group Personal Pension Plans or Master Trust?

Webinars and Video

Aon Hewitt Pensions Podcast - Navigating the Future - Part Five

Aon Hewitt Pensions Podcast - Navigating the Future - Part Four

Aon Hewitt Pensions Podcast - Navigating the Future - Part Three

Aon Hewitt Pensions Podcast - Navigating the Future - Part Two

Aon Hewitt Pensions Podcast - Navigating the Future - Part One

Member decision making - do we make it too hard?

How difficult do individuals find it to make informed decisions about their pensions? What is stopping them and what can we do to help? From the 2017 Pensions Conference Series.

Spending your DC pension - the how to guide

We all know that making decisions at retirement is hard. Listen to the thoughts of providers on what needs to be considered when deciding on a post retirement solution for your members, and hear from the members themselves. From the 2017 Pensions Conference Series.

Aon Hewitt on challenges faced by HR Directors in helping employees save for retirement

Asset TV master trust masterclass

Risk Analyzer: Technology for a New Era in Global Pension Plan Risk Management

Mastertrust or Group Personal Pension Plan? Getting it right for you and your employees

Aon's experts, together with Roger Mattingly of PAN Trustees, recently debated the merits of both Master Trust and GPPP structures.

The DC Decumulation Challenge: A Global View

While the growth and development of defined contribution plans vary from market to market, every country and plan provider is challenged with how best to guide plan participants in converting their accumulated plan savings into income that will support them in retirement.

The Master Trust Q&A Series: The Benefits of Master Trust

Roger Mattingly, Managing Director of Pan Trustees and Chair of Trustees for The Aon MasterTrust, talks to Jonathan Stapleton about the benefits of master trust. In association with Professional Pensions.

The Master Trust Q&A Series: Master Trust Investment

Roger Mattingly, Managing Director of Pan Trustees and Chair of Trustees for The Aon MasterTrust, talks to Jonathan Stapleton about the investment considerations in a master trust world. In association with Professional Pensions.

Pension Scheme Investment

Reports, Articles and Whitepapers

Research & Insights

How Diversified is your Global Equity Portfolio?

In this paper we suggest a number of ways to address equity risk, including making allocations to emerging markets, taking a tactical underweight position to the US, and implementing currency hedging.

Selecting Fund Managers and Consultants - What Do Trustees Look For?

The third report on our research findings puts the relationships between trustees and their fund managers and investment consultants under the spotlight and gives insights into the interactions which are fundamental to the investment processes of pension schemes.

Selecting Fund Managers and Consultants - What Do Trustees Look For? - Overview Infographic

Cost, Fees, and Trustee Decision-making

This paper examines the importance of costs and fees in trustee investment decision-making, and aims to understand the issues faced by trustees concerning the explicit and implicit costs and fees associated with fund management.

Costs, Fees and Trustee Decision-Making - Overview Infographic

Mapping the Trustee Landscape

The first report on our research findings examines a range of different aspects of trustee governance including financial literacy, and attitudes to risk and social-demographics - all of which can influence trustees' investment decision-making.

Mapping the Trustee Landscape - Overview Infographic

Managed Futures

Investors looking to improve the quality of returns in their portfolio often look to make an allocation that has a low correlation to their other holdings as part of their long-term strategy.

One such answer is to invest in a managed futures strategy.

Factor Based Investing

There are a number of widely available alternative "factor" based indices using different stock weighting techniques (often known as "Smart Beta" strategies) which can be attractive in a number of different scenarios for investors. Learn more.

Dangers Ahead? Navigating Hazards Using Scenario Analysis

According to author and political activist, Helen Keller, "A bend in the road is not the end of the road?unless you fail to make the turn". We believe that pension scheme trustees and sponsors should prepare for the hazards on the investment road ahead. One way of doing this is to ask 'What if??' type questions. We call this 'scenario analysis.'"

Constructing Your Property Portfolio

While most pension schemes invest in property through UK core commercial property funds there are a number of other investment opportunities within the property asset class which pension schemes may want to consider. These strategies could help enhance return, improve income or even complement existing LDI portfolios.

Does Currency Hedging Matter in DC?

Currency movements can have a significant impact on portfolio volatility and can dominate returns at times. Trustees should consider members' exposure and likely tolerance for currency risk.

In this paper we explore considerations for currency risk in DC schemes.

Onshore Chinese Bonds Enter the Global Universe

China's large onshore bond market is becoming increasingly open and transparent and its entry into bond indices will have a big impact on index composition and, consequently, bond investing. This timely piece examines recent Chinese financial market developments, characteristics of the Chinese bond market, and opportunities and risks associated with the opening of the Chinese bond market.

Strategic Currency Hedging

Reducing currency risk has historically helped to reduce overall pension scheme portfolio risk and, looking forward, some currency hedging makes sense from a risk reduction perspective. The significance of this risk will depend on specific circumstances. In this paper, Aon Hewitt experts provide general guidance for UK pension schemes.

Rethinking Income

With yields at or near historical lows and lower expected returns for most asset classes, the challenge for many pension scheme portfolios is balancing the need for return and income. This paper identifies a few opportunities that trustees may want to consider which can potentially improve income and/or the return profile of their portfolios.

Trigger Strategies

Recent political and economic changes have led to volatile investment markets and the outlook for markets remains uncertain. Therefore it is essential for trustees to ensure they remain on track to meet their scheme's objectives in both the near and longer term. This paper explores different trigger strategies for staying on track.

Bankers Lose Interest - How do you Profit?

In this paper, we explore to opportunities for long term investors arising from regulatory-driven bank deleveraging - primarily, private lending.

European Direct Lending

Aon Hewitt experts look at how institutional investors can fill the gap left by the banks in the market, and benefit from more attractive terms than those available in the broadly syndicated loan market or high yield bond market.

Whet Your Appetite for Illiquidity

Many defined benefit UK pension schemes invest the vast majority of their assets in highly liquid investments. But, many schemes hold more liquidity than is needed. Aon Hewitt's paper looks at overcoming concerns around illiquidity.

All aboard the through train - investing in China A shares

Accessing the Chinese market directly has always been a big challenge for foreign investors. This paper, written by Aon Hewitt's James Jackson, looks at the expanding opportunity in China for emerging market investors. This has the potential to be very significant and eventually game-changing in terms of Emerging Market Equity Index composition.

Do Diversified Growth Funds solve the diversification problem?

Diversified Growth Funds (DGFs) have proved popular with investors because they offer a simple, low governance way of adding diversification to growth portfolios. However, simple is not always best and other solutions may be more suitable. Steven Peak of Aon Hewitt's Investment Practice explores the appropriateness of DGFs.

The role of hedge funds in an investment strategy

As markets become increasingly focused on the timing of interest rate rises, the stimulus that has driven equity markets higher with limited volatility over recent years is no longer likely to offer the same degree of support to long only investment strategies on a forward looking basis. Combining this uncertainty with concerns over global growth and a slowdown in China has resulted in the elevated market volatility seen since the summer. This introductory paper highlights the role that hedge funds can play in portfolios through the diversification and downside protection that their absolute return philosophy has the potential to deliver.

Actively Emerging: Opportunities in Debt

An introduction to Emerging Market Debt (EMD), including risks, performance and considerations.

Breaking Down the Barriers to Hedging

Pension scheme liabilities are highly sensitive to movements in long term interest rates. In fact, this is one of the biggest financial risks schemes face.
Our short note explores factors for trustees to consider when dealing with interest rate risk.

Equity Portfolios - Follow Your Beliefs

In our short note, Equity Portfolios - Follow your Beliefs, we explore the different strategies available to trustees to get the most from their equity portfolios.

Aon Trustee Checklist

Investment decision making in defined benefit trustee meetings.

The Aon Trustee Checklist

Aon Hewitt has been working with behavioural insight agency Behave London to research the behavioural biases involved in trustee decision-making. We have created The Aon Trustee Checklist to help with investment decision-making processes.

Market Views & Analysis

Week in Markets - 8 December 2017

A summary of market movements over the previous week.

Aon Hewitt's Quarterly Market Outlook - October 2017

Our team of global asset allocation experts, led by Tapan Datta, assess economic data from around the world, analysing movements in markets over the last week.

Fiduciary Management

Insurance Asset Management Europe - ClearPath Analysis

To read more about the challenges facing insurers, you can download a free report from ClearPath Analysis, including a roundtable debate and an examination of the current investment landscape.

Proactively managing your investments - November 2017

Sion Cole explores why being active in today’s environment is key to improving investment returns above liabilities and achieving end goals. First published in Pensions Expert.

Helping you improve your investement portfolio

The primary aim of fiduciary management is to help you achieve your longterm goals but in a risk-controlled, efficient and cost-effective manner.

The art of selection - November 2017

How trustees select a fiduciary prodiver is one of the most talked about areas of the pensions industry at present.

98% Satisfaction - October 2017

Sion Cole examines the reasons why fiduciary management consistently gets excellent rates of approval in this article, first published in Pensions Expert.

Fiduciary Management Survey 2017

Aon Hewitt's eighth UK survey on the fiduciary management of DB pension schemes is now available.

Achieving better investment performance: time to delegate?

In this paper, we discuss the investment challenges that are impacting the DC investment market. How can trustees address these challenges and what does a solution look like?

Client-driven evolution - September 2017

Sion Cole discusses the evolution of fiduciary management solutions in the UK and how this has helped drive greater transparency. First published in Pensions Age.

98% are satisfied - are you? - October 2017

Sion Cole looks at a solution that has extremely high levels of satisfaction across the board in this article, first published in PMI News.

73% of trustees spend less than 5 hours

Sion Cole looks at the drivers behind increased delegation in pensions investment in this article, first published in Pensions Expert.

Expertise and nimbleness: the keys to success

Aon Hewitt's Sion Cole looks at the two key factors driving the continued strong demand for fiduciary management: investment expertise and nimbleness.

Fiduciary Management Survey 2016

The 2016 survey provides an authoritative and detailed overview of the current fiduciary landscape.

Fiduciary Management Survey 2016 - Summary

Aon Hewitt's fiduciary management survey is the largest and longest-running survey in the UK pensions industry on this area of the market. This year's survey - the seventh - compiles views from over 250 respondents, 97% of whom are pension scheme representatives.

An ideal pension scheme investment model?

Taking a fresh look at the UK DB pension scheme investment model.

Unlocking the Efficiencies of an Investment Platform

How £1bn+ DB schemes can benefit from operational infrastructures.

Pensions Age Fiduciary Management Firm of the Year - Aon Hewitt - April 2017

The fiduciary management space has become one of the most competitive areas within the UK pensions industry. That is why we are thrilled to have received the 2017 Fiduciary Management Firm of the year at the Pension Age Awards. This article, written by Pensions Age, summarises why the judges chose Aon Hewitt. The flexibility and transparency of our offering allowed us to stand out as the leading fiduciary provider.

Now offering made to measure - April 2017

This article, first published in Pensions Age outlines how fiduciary management solutions have evolved over the past few years and how schemes of all sizes can now benefit from this approach.

Good governance can impact the success of a pension scheme - February 2017

Can the learnings from the largest schemes in the UK benefit schemes of all sizes? In this paper, we delve into the theme of good governance and its impact on the success of pension schemes. It examines what success looks like and sets out how this might be achieved by schemes of all sizes.

Seeing the full picture - February 2017

Fiduciary management is one of the fastest growing areas within the UK defined benefit pensions industry. Since coming to the UK over a decade ago, the solution has evolved significantly and is set to continue in the future. In this guide, we look at how fiduciary management has evolved in terms of choice, transparency & outcomes.

Webinars and Video

Aon Investment Outlook Webcast: Globally diversified? What to factor in to your analysis.

Our investment experts delve deeper in to the issue of concentration in equity indices, and explore how factor-based investing works and what happens when different factors are combined.

Living with uncertainty

Some uncertainty is always a feature of the investment environment, but this year's surprises are hinting at this becoming a much bigger issue. From the 2017 Pensions Conference Series.

Investing for success in uncertain times

Some uncertainty is always a feature of the investment environment, but this year's surprises are hinting at this becoming a much bigger issue. From the 2017 Pensions Conference Series.

Seeing the full picture

Some uncertainty is always a feature of the investment environment, but this year's surprises are hinting at this becoming a much bigger issue. From the 2017 Pensions Conference Series.

Low volatility levels look to be unsustainable

Interview conducted in conjuntion with CNBC.

Markets don't know how to price Brexit

Interview conducted in conjuntion with CNBC.

Bigger Japan news is Abe approval rating falling: Pro

Interview conducted in conjuntion with CNBC.

Trustee Behaviours and Biases: New Horizons Stream 1 at Investment Conference 2017

FCA Asset Management Market Study - Aon Hewitt Webinar - 19 June 2017 Capture

Risks, Regulation and Returns - Navigating tPR's Latest Investment Guidance

Reaching $100bn of clients' assets - Helping over 400 clients through our delegated investment solutions

Pension Clicks Newsletters

Pension Clicks - December 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - November 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - October 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - September 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - August 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - July 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - June 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - May 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - April 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - March 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - February 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

Pension Clicks - January 2017

Pension Clicks is Aon Hewitt's monthly e-newsletter, rounding up recent pensions news and publications.

General Pensions & Investment Thought Leadership

Better Boards - Full Report

Aon Hewitt commissioned behavioural insight agency Behave London to build on the work of the Aon Trustee Checklist and look at group decision-making biases.

Better Boards - Summary

Aon Hewitt commissioned behavioural insight agency Behave London to build on the work of the Aon Trustee Checklist and look at group decision-making biases.

Behavioural Checklist for Chairing Meetings

We partnered with behavioural insight agency Behave London, to help us better understand how group dynamics can impact broader decision-making and planning strategy.

Between Meeting Organiser

Our Between Meeting Organiser has been developed to help you to make the best use of time between meetings.

Trustee Meeting Framework

Our latest research, in conjunction with behavioural insight agency Behave London, has helped us to better understand how group dynamics can impact broader decision-making and planning strategy.

Ten questions to help trustees to challenge their advisors

As part of our suite of Trustee Effectiveness tools we have worked with behavioural science specialists Behave London to develop ten questions designed to help you gain confidence in the decisions you make as a trustee, whether for your Defined Benefit or Defined Contribution scheme.

Strategic Business Plan Example

This document is intended to provide an example business plan that trustees and sponsors can use for the next one to three years for their pension scheme.

Aon Trustee Checklist

Pension decision making in trustee meetings.

Governance Viewpoints

Pension Schemes face many challenges, and as regulatory requirements continue to grow one of the key challenges is effective governance.

Trustee Effectiveness Review

When asked what keeps them awake at night, pensions trustees regularly cite issues such as lack of time, resources, knowledge and information.