Strategic Pensions Governance

What is Strategic Pensions Governance?

Pension schemes face an extensive and increasingly complex range of demands to meet, with significant compliance requirements, changing risk environments and various sophisticated projects as part of their long-term objectives. Good pension scheme governance is key to ensuring that trustee boards and sponsors can make effective decisions, manage risk appropriately and successfully deliver strategic priorities.

Aon has a large team of governance professionals with a breadth of experience supporting pension schemes across a wide range of governance activities. We help clients establish effective governance frameworks, strengthen operational resilience and provide strategic oversight for the delivery of key projects and business activities. Our support ranges from specialist governance advice through to providing experienced pensions leadership and oversight, including Outsourced Chief Operating Officer services.

Why is Strategic Pensions Governance important?

• Drives better outcomes – supports effective decision-making, risk management and financial oversight
• Boosts operational efficiency – by co-ordinating complex agendas and reducing duplication, strategic governance enables trustees and sponsors to focus on high-impact decisions
• Supports strategic continuity – strategic governance frameworks help maintain long-term focus on goals like de-risking and member engagement, even through leadership or market changes

How Can Aon Help?

Aon can support with strategic business planning, policies supporting an Effective System of Governance, governance frameworks for major projects such as endgame planning, member options exercises and risk transfer activities, together with strategic approaches to ESG, DE&I, board effectiveness, recruitment and succession planning. 

We can also help schemes coordinate advisers and service providers, oversee strategic projects, manage governance activities and strengthen oversight across their operations. Our flexible approach enables clients to access additional governance leadership and operational expertise on either an ongoing or project-specific basis.