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Pension Clicks

In this edition of Pension Clicks, we summarise the White Paper on protecting DB pension schemes, explore why workplace pension outcomes depend on shared engagement and look at whether your scheme can afford (not) to increase DC contributions.

White Paper – protecting defined benefit pension schemes
The Government’s White Paper proposes punitive fines against those who deliberately put their pension scheme at risk, a tighter framework for notifiable events, requiring a Chair's statement from DB trustees, and strengthening funding standards. Our paper provides more details.

Why workplace pension outcomes depend on shared engagement
Outcomes delivered by employer pension schemes depend more than ever on levels of engagement, so companies must create good quality schemes and successfully communicate their benefits. Read more in our article from The Times Workplace Pension Report.

Can your scheme afford (not) to increase contributions?
How are DC schemes tackling the challenge of auto-enrolment? Steven Leigh draws on findings from our 2017 DC Scheme Survey in this article, first published in Professional Pensions.

Do your trustee meetings have the best framework?
Pension trustees meet on average four times a year, so using this time to make key decisions and progress essential items is crucial. How can you maximise the effectiveness of your trustee meetings?

Download our behavioural checklist for chairing meetings
Our research with behavioural agency Behave London looked at scheme decision-making and planning strategy. Among other things, this work showed that how a meeting is chaired has a direct impact on the decisions made and how effective those decisions are. Our checklist helps combat behavioural biases when planning for and chairing meetings.

Listen to our latest pensions podcast on trustee effectiveness
What are the challenges facing trustee boards? What were the key findings from our behavioural research? Listen as Susan Hoare and Vanessa Jaeger discuss the ways you can make your board more effective.

What role should diversified growth funds play in your DC investment?
Diversified growth funds play an important role within a DC investment portfolio, but what are they actually trying to achieve? We examine the most important attributes to consider when choosing a DGF for your DC scheme.

CDI: do we need another three-letter acronym to solve our problems?
Is CDI the new LDI, or the new DGF? Louis-Paul Hill investigates in our latest investment blog.

The rise of factor investing
Factor investing has experienced a sharp rise in prominence in recent years. But what is it, and what role can it play in improving your equity portfolio?

Take part in our 2018 fiduciary survey
Our UK Fiduciary Survey is now open – take part to receive a full copy of the findings, and have a chance to win an Apple Watch.

Risk Settlement Market Update
Our annual summary of business placed in the risk settlement market shows that in 2017, spare capacity for both pensioner buy-ins and full scheme deals was not fully utilised. We predict a record £30bn bulk annuity market in 2018 due to a favourable pricing period for annuities, while interest in longevity swaps is also rising following market re-pricing.

Risk Settlement Annual Review
Our annual Review looks at 2017 activity and shares findings from our first Risk Settlement Survey. If you are thinking about pension risk transfer, it has invaluable tips and suggestions to ensure you are prepared.

Week in Markets
A summary of market movements over the past week.

Aon in the press
This month, we point out that the DWP White Paper is still a shade of green and that new Pensions Regulator powers will not be enough to solve distressed pension schemes’ issues. In addition, we believe that employers need clarity on Government’s decision to keep the salary sacrifice childcare voucher scheme open for further six months.

We also state our belief that trustees’ focus should remain on the performance of the overall board, and comment on the new Continuous Mortality Investigation model, as Mike Edwards joins our Risk Settlement team.

April 2018

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Dates for your diary

Pensions training dates available

Sign up here to reserve your place on any of the courses on our 2018/19 pensions training calendar.

April – May 2018
2018 Pensions Conferences
‘An excellent seminar, professionally delivered to a high standard and disturbingly interesting!’ FD, 2018 delegate.
Join us for our annual Pensions Conferences taking place in London, Leeds and Edinburgh.

18 April
2018 Risk Settlement Market Review webinar
Hear key findings from our 2018 Annual Risk Settlement Market Review and Risk Settlement Survey.

19 April, London
Investment Breakfast Series – Factor-based investing
Join Aon’s George Carvounes and John Belgrove to discuss factor-based investing.

25 April, London
Professional Pensions’ DC Conference
Including Sophia Singleton on the tools a trustee needs to make sure they are fulfilling their fiduciary duty.

26 April, London
Pensions Age Spring Conference
Including Aon’s Matthew Fletcher presenting on risk settlement.

1 May, London
Breakfast Seminar - Effective board meetings for pension scheme trustees
Join us for this seminar, held in association with Cass Business School.

3 May, London
An afternoon of ‘education and entertainment’
Join us for a seminar on the latest investment thinking, followed by sommelier-led wine tasting and networking.

15 May, London & 6 June, Birmingham
Reducing risk at the right price
Join our risk settlement experts as they guide you through the de-risking solutions available and the steps required to capture the best price.

16 May, Geneva & 17 May, Zurich
Institutional Investment Conference
How can investors improve a traditional asset allocation with Aon’s ‘Best Investment Ideas’?

22 May, London
Investment Breakfast Series – Rethinking property portfolios
Is now a good time for investors to consider an allocation to property or diversify existing property investments? Hear from Aon and Townsend experts at our breakfast briefing.

20 September, Frankfurt
Rethink 2018 – European Pension and Lifetime Savings Conference
Addressing the key aspects of managing corporate pensions and retirement provision locally and globally.

Also on our website

Is your scheme ready to navigate the future?
Listen again to our webinar examining some of the challenges for trust-based DC schemes and sharing key findings from our 2017 DC Scheme Survey.

'To and Through' to Retirement: Market Developments
Listen again to our webinar to find out more about the evolving DC retirement solutions available.

Global Pension Risk Survey – global findings webinar
Listen again to our webinar sharing the findings from our global GPR Survey series.

Online monitoring tool for your scheme
Our Risk Analyzer tool is now used by over 750 schemes to monitor various financial and risk measures. This video gives you an example of how Risk Analyzer could help you.