Pension Clicks

In this edition of Pension Clicks, we launch our research report on costs, fees and trustee decision-making, and look at how trustee boards can avoid behavioural biases when making decisions. We also release our 2017 Risk Settlement Market Review, examining the latest developments in this fast-moving area.

Costs, fees and trustee decision-making
Our new research from our partnership with Leeds University Business School sheds fresh light on the factors affecting decision-making by pension scheme trustees. This paper explores the issues faced by trustees concerning the explicit and implicit costs and fees associated with fund management. It follows on from the first in this series of papers, Mapping the Trustee Landscape.

Trustee boards – what are they like?
John Belgrove looks at the different characteristics of trustee boards and how behavioural biases can be avoided, in this article, first published in Pensions Age.

2017 Risk Settlement Market Review
2016 was a year of challenges and opportunities in the risk settlement market. Our 2017 Market Review looks at the latest trends and statistics in bulk annuities, longevity hedging and trends, and global pension risk transfer.

Risk Settlement Bulletin
Our monthly Risk Settlement bulletin looks at the advantages annuities can offer over other bond based de-risking strategies.

Risk Settlement Market Update
The bulk annuities market demonstrates capacity of £20bn for the first time.

Take part in our Global Pension Risk Survey
For the first time, our Global Pension Risk Survey contains a questionnaire specifically for people responsible for pensions in multinationals. If you look after pension schemes worldwide, you can complete the short survey to receive a copy of the findings.

A brighter future
In this article, first published in Pensions World, James Miller looks at how DB schemes can transfer their way to a better outcome.

Reducing the risk and cost of DB schemes
Ben Roe looks at how you can reduce the risk posed by your DB scheme in this article, first published in Today’s CFO.

What do DC members really want?
Lynda Whitney looks at how DC schemes can help their members to set and achieve their goals, in this paper, first included in PMI News.

DC and benefits trends in our new survey
Our new Benefit & Trends Survey makes interesting reading on DC pensions. Positively, nearly 100% of companies have some level of DC governance arrangements in place. But 33% have not reviewed the performance of their default option or the funds in it for over a year. Read the full survey for much more on DC, healthcare, flex and risk benefits trends.

Take part in our 2017 Fiduciary Management Survey
Our eighth annual Fiduciary Management Survey is now open. Take part now to share your views – and be in with a chance of winning an Apple Watch or a tour of Old Trafford!

More than meets the eye
How can trustees better understand the performance of their fiduciary provider? Sion Cole explores best practice in this article, first published in Professional Pensions.

Aon shortlisted for 13 UK Pensions Awards
We are delighted to have been shortlisted for a record 13 categories at the upcoming UK Pensions Awards, run by Professional Pensions.

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

Facts and Figures
An overview of annual pension statistics.

Aon in the press
This month, we advise on the first longevity swap to annuity transition, while noting that bulk annuity behaviour is being led by Solvency II changes. We also suggest that new CMI figures represent a dip, not a blip, in mortality improvements. We announce the appointment of Tiziana Perrella to our Risk Settlement team and identify that trustees’ focus is on investment strategy over costs and fees. Plus we launch a new fiduciary management solution for smaller schemes.

April 2017

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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 pensions training calendar.

2017 Pension Conferences
The final three 2017 events take place in Edinburgh, Leeds and London

26 April
Professional Pensions DC Conference
Sophia Singleton will examine how trustees and sponsors can help DC members transition from a pot of money to a sustainable lifetime income.

27 April, London
Pensions Age Spring Conference
We will be speaking on scheme investment.

10-11 May, Birmingham
Workplace Pensions Live
Where we will be presenting on Risk Settlement issues.

27-28 June, London
Pensions and Benefits UK
We are DC stream sponsor and speaking on DC investment.

18-20 October, Manchester
PLSA Annual Conference and Exhibition
We will be speaking on DC and fiduciary management as part of the ‘New Horizons’ stream.

Also on our website

Read the latest update from our Retirement and Investment blog.

Five pension ailments being felt by FDs today and how to treat them
Listen again to our webinar with Financial Director and find out how to health-check your pension scheme.

Mastertrust or Group Personal Pension Plan?
Getting it right for you and your employees – event replay.

Book in for your free DB health check
Aon’s free DB health-check enables you to carry out a quick assessment of your own scheme.

Take the free Scheme Governance Challenge
Find out how prepared your scheme is for the journey to Pensions Stability, benchmarked against others. One in every 100 respondents will win an Apple Watch!

The DC decumulation challenge: a global view – webcast
Listen again to our webcast sharing insights and lessons on decumulation from around the world.

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.