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Pension Clicks

In this edition of Pension Clicks, we summarise the latest pensions news in In Sight, explore the role of longevity swaps in pension risk transfer and ask whether improved funding positions offer opportunities to consider longer-term objectives.

In Sight – August
Our quarterly summary of pensions issues includes government consultations on a stronger Regulator and on clarifying investment duties for trustees, as well as new legislation and a round-up of other news.

What role do longevity swaps play in pension risk transfer?
Chapter 3 of our Risk Settlement Review explores longevity swaps – updating on the UK market, looking at the main players in longevity reinsurance, and examining how Solvency II is impacting the market.

Listen to our longevity swaps podcast
In our podcast to accompany Chapter 3, Hannah Cook and Tom Scott discuss some key issues, including: What is a longevity swap? How does the market work? What are the different structural options? Are longevity swaps accessible to all pension schemes? Is pricing attractive? How compatible are longevity swaps with later conversion to annuity purchase?

Improved funding positions offer opportunities to consider longer-term objectives
Aon's Jay Harvey discusses how the improved funding positions many schemes currently enjoy will affect their long-term targets, in an article first published in Professional Pensions.

Why securitised credit is worth considering
Securitised credit is an investment with a wealth of benefits, including potentially higher yields. We look at why it is worthy of consideration in this new paper.

What is Bank Capital Relief, and how can it benefit pension schemes?
Bank Capital Relief has features which make it attractive to pension funds seeking alternative sources of income. Our paper provides an introduction to the strategy along with our thoughts and conclusions.

The road less travelled – alternative investments
Jeffrey Malluck explores alternative investment strategies in this article, first published in PMI News.

Sign up for our 2018 UK Fiduciary Survey findings
Our 2018 Fiduciary Survey will be out in September. Pre-register for a copy of the findings and read the results as soon as they are released.

Powering your journey towards success
Whether you are working towards self-sufficiency or securing benefits with an insurer, you will want to reduce risk, improve your members' experience and work towards a defined goal. Aon Integrated Pensions adds value and improves outcomes at every stage throughout this journey.

Risk Settlement Bulletin - July
Annuity yields remain attractive relative to gilts: we explore what this means in practice for schemes looking to transact, and examine how the bulk annuity and longevity swap markets have performed so far in 2018.

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

Aon in the press
This month, we advise PA Consulting on its £850m scheme buyout. We say that the new IDWG recommendations will benefit investors and our new investment whitepaper explores the issue of Bank Capital Relief. We also comment on the CMA report on the market investigation of investment consultants.

August 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.

5 September, London
Professional Pensions’ Autumn DC Conference
Including Aon’s Sophia Singleton on how to set the strategic direction for your DC scheme.

19 September, London
Professional Pensions Trustee Senate
Where Aon’s Sonia Gogna will be speaking on Seeking Returns.

20 September, London
Pensions Age Autumn Conference
Aon’s Sion Cole will explore why maximising returns means being active across your entire investment set.

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

Thursday 27 September, London
Tuesday 2 October, Leeds
DB Investment Conference
This free half-day conference focuses on the investment landscape for DB pension schemes; hear the latest views direct from our investment specialists.

31 October, London
Professional Pensions Investment Conference
Does pension scheme investment require an ‘active’ mindset? Sion Cole investigates.

Also on our website

Aon Investment Outlook Webcast: Multi-factor investing and responsible investment
Listen again to Tapan Datta, Andrew Peach and Jennifer O’Neill sharing some early findings from our Global Responsible Investment Survey and discussing the work we have done with Legal & General to develop a multi-factor fund for our clients, as well as giving an update on our latest market views.

Online monitoring tool for your scheme
Our Risk Analyzer tool is now used by over 600 schemes to monitor various financial and risk measures. This video gives you an example of how Risk Analyzer could help you.

Read the latest update from our Retirement and Investment blog.