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Pension Clicks

In this edition of Pension Clicks, we summarise the DWP’s changes to trustees’ investment duties, explore a potential secret to success in improving your scheme’s outcomes and examine the investment opportunities presented by global infrastructure equity.

Trustee investment duties amended
The DWP has confirmed changes to trustees’ investment duties that will become effective in October 2019. The Statement of Investment Principles will need to set out additional information, including how trustees take account of the views of members (if at all) and climate change. Money purchase schemes will need to disclose the new information online and also produce an implementation report.

The secret to success
Tim Giles explores why being ‘active’ is key to improving your pension scheme’s outcomes, in this article first published in Professional Pensions.

Global infrastructure equity – opportunities in the pipeline
Extensive infrastructure policies in the UK, US and elsewhere have attracted investor attention, although so far investor exposure to infrastructure has been low. In our new whitepaper, we outline why infrastructure merits inclusion in investor portfolios and identify the potential opportunities and risks.

Essential ideas for getting messages to members
Lynda Whitney chaired Aon’s recent Better DC Decisions Workshop where Behave London’s Hannah Lewis ran an excellent session for delegates about behavioural member communications. Here Lynda lists some of her favourite tips for great scheme communication taken from the workshop.

Take part in another experiment!
In the spring, we invited you to get involved in some experiments as part of The Institute and Faculty of Actuaries’ sponsored research into the behavioural aspects of pension scheme decision-making, which Aon is supporting. You can read more about the initiative here. Thank you to those of you who took part in the last round of experiments. If you enjoyed them and would like to do some more or if you’re keen to get involved, please click here to take part in a new set of quick-fire experiments from City, Leeds and UEL Universities.

Request your copy now! 2018 DC Member Survey
We are currently busy with the fieldwork for our latest DC research – an international study of DC member behaviour and financial wellbeing. The findings will not be made generally available – however, as a Pension Clicks reader, we would like to give you the opportunity to receive a copy. Please click here to add your name to the waiting list and you will get a copy when the results are in.

Risk settlement: navigating international settlement markets
The final chapter in our 2018 Risk Settlement Review explores how best to navigate international settlement markets, examining recent trends and the outlook ahead in the US, Canada, Europe and further afield. You can also read the full Review here.

Listen to our overseas risk settlement podcast
Listen to a discussion of the international risk settlement market, and the opportunities it presents, in our short podcast.

Risk Settlement Bulletin – September 2018
New highs for the annuity market, improvements in annuity yields and a focus on equity release mortgages are among the subjects covered in our September bulletin.

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

Aon in the press
This month, we advise Greene King’s Spirit Scheme and the AA on their first bulk annuities. We point out that corporate failures highlight the need for greater financial scrutiny by pension trustees. Our new whitepaper highlights the challenges in the ‘at retirement’ market and we explore the digital-age reasons your benefits programme may not be working. We also expand our DC team with the appointments of Adam Fisher and Damon Hopkins.

October 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.

10 October, London
Rethinking real assets: Investment breakfast seminar
We explore the market outlook for property and real assets, potential global investment opportunities, and the ways investors can access these opportunities.

17-19 October, Liverpool
PLSA Annual Conference and Exhibition
Where Aon is sponsoring the ‘Pension Vision’ stream, and talking on topics including ‘Savings – the generation game’.

31 October, London
Professional Pensions Investment Conference
Does pension scheme investment require an ‘active’ mindset? We investigate in our presentation.

31 October, London
Costs Transparency: Mission Possible?
Many pension scheme trustees and sponsors can be unaware of the nature and magnitude of the costs they incur in having their assets managed. This breakfast will explore the latest developments in, and benefits of, cost transparency.

7 November, Birmingham
14 November, Manchester
20 November, London

Aon Breakfast Briefing: is your long-term target closer than you think?
How can scheme trustees and sponsors use a combination of attractive annuity pricing in the marketplace and well-designed member option exercises to reach long-term targets? Hear case studies, expert views on current market trends and the best ways to accelerate the journey to your long-term objective.

February-April 2019
UK Pension Conferences 2019
As in previous years, the conferences will bring high-quality pensions learning and discussion to London, Manchester, Bristol, Birmingham, Leeds and Edinburgh. To register or find out more, please email ukevents@aon.com.

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.

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.