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Pension Clicks

In this edition of Pension Clicks, we analyse UK scheme funding valuations over the last 12 months, explore strategies to protect your scheme from cyber risks, and invite you to take our Cashflow MOT test to check the robustness of your cashflow policy.

In Depth: pension scheme funding – an analysis of completed valuations
This In Depth sets out the approaches to and results of our clients’ UK pension scheme funding valuations completed up to July 2018.

How to protect your pension scheme from cyber risks through asset managers
Over the past 12 months, cyber risk has leapt up the agenda of pension schemes and sponsors, and is one of the most rapidly evolving issues that schemes face. What should trustees and sponsors be doing about this risk?

Cashflow MOT test
Are you cashflow negative? The Pensions Regulator wants trustees to have a cashflow policy, but beware…cashflows are volatile. A cashflow MOT can test the robustness of your cashflow policy under different scenarios. Disinvesting from assets and using investment income may both be reasonable policies to meet cashflows. It is worth considering contractual income assets. View our Cashflow MOT to find out more.

Pension risk settlement: a focus on longevity risk
Chapter 4 of our 2018 Risk Settlement Review focuses on the topical issue of longevity risk, exploring changing views on longevity trends and dislocation and relocation in the longevity market.

Listen to our longevity risk podcast
To hear more about the issues around longevity risk, you can listen to our short podcast.

Longevity improvements and regime shifts
How is longevity changing and what is its impact on pension risk transfer? Read Tim Gordon’s article, first published in Pensions Age, to find out.

Risk settlement UK market update
The market is on track to meet Aon's prediction of a record breaking year for risk settlement; several providers have written their largest ever deals in 2018 and the longevity swap market is back open for business. Pricing continues to be attractive, but insurers are applying greater selection before deciding to quote, with schemes that are well prepared likely to experience the best outcomes.

Three key questions trustees should be asking about their default strategy
At Aon’s recent Better DC Decisions Workshop, investment principal Chris Inman explored better DC default investments. In this article, Chris shares some of the highlights from that session.

Key actions to improve global DC outcomes
The growing reliance on DC savings comes with its own challenges, and while regulations, the pace of change and DC models may vary country to country, the underlying challenges are the same. Aon’s global DC team shares views on the key building blocks and design principles that will have a positive impact on individual outcomes.

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.

The future of (at) retirement
What is happening now, and needs to happen in the near and medium term, in the ‘at retirement’ market? What products, processes and guidance do we need now and in the future to deal with the challenge of spending our DC savings pots? We explore this global challenge and the actions employers and trustees should be taking.

Setting long-term objectives – September 2018
Jay Harvey explores what setting long-term objectives means in practice for individual schemes, in this article first published in Pensions Age.

UK Pension Conference 2019 dates announced
Dates for our 2019 Pension Conference series have been released. 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.

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

Aon in the press
This month, we announce our ESG (environmental, social and governance) rating for fund managers and confirm that the UK bulk annuity market remains set for a record year. We also predict that individualised glidepaths are the future of DC.

September 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.

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? 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.