Pension Clicks

In this edition of Pension Clicks, we round up recent pensions news in In Sight, ask how well trustees understand fees, and explore why giving up the link between liabilities and gilts is not as simple as it sounds.

In Sight – May
Our quarterly summary of UK pensions issues includes the Green Paper on DB pensions and a number of changes that took place in April, as well as a round-up of other news. Following publication, some provisions were unexpectedly dropped from the Finance Bill. In particular, the reduction in the money purchase annual allowance (pg 3) and the income tax exemption for employer-arranged advice (pg 4). The government has indicated it intends to legislate for these at the start of the new parliament.

We tested: how well do trustees understand fees?
John Belgrove reports on the results of our analysis into DB scheme trustee priorities and their knowledge of costs and fees in fund management.

Back to basics
Why is giving up the link between liabilities and gilts not as simple as it sounds? Paul McGlone investigates in this article, first published in Pensions World.

Capturing the pricing peaks
Michael Walker explains why a phased approach to bulk annuities can help pension scheme funding in this article, first published in Pensions Age.

Video: the UK consumer will be strained
In an interview with Bloomberg TV, Tapan Datta, head of asset allocation at Aon Hewitt, and Bloomberg Gadfly's Andrea Felsted discuss the UK consumer and the potential for an interest rate hike by the Bank of England.

Onshore Chinese bonds enter the global universe
This timely piece examines recent Chinese financial market developments, the characteristics of the Chinese bond market, and the associated opportunities and risks.

Accommodating DC members with diverse needs
Lynda Whitney looks at the differing needs of three generational groups in this article, first published in Professional Pensions.

Analyse the risks of your DC scheme
Continuing this theme, Aon's Risk Analyzer tool allows you to define your DC scheme objectives by taking on board the viewpoints of different stakeholders. You can also gain a better understanding of your members, analyse whether they're on track and monitor outcomes over time.

Master trust guide
If you are considering a master trust for your DC scheme, the choice can be bewildering. Read our guide to selecting the right trust for your scheme in this e-book, published in association with HR Magazine.

Keep your eyes peeled
There are some key areas of pension investment where trustees should push for complete transparency. Sion Cole identifies them and explores how you can get the full picture, in this article, first published in Engaged Investor.

Take part in our 2017 Fiduciary Management Survey
To share your own views on scheme investment, take part in our eighth annual Fiduciary Management Survey. You'll get a free copy of the survey report – and be in with a chance of winning an Apple Watch or a tour of Old Trafford.

Last chance to complete our Global Pension Risk Survey
Are you responsible for pensions in a multinational company? If so, we invite you to take part in our Global Pension Risk Survey for multinationals. Complete the short survey to receive a copy of the findings.

Risk Settlement bulletin
This month’s issue looks at how improvements in swap yields relative to gilts are supporting attractive annuity pricing on most trustee targets.

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 chart the change and growth in the risk settlement market over the last 12 months. Gareth Doyle joins our DC team in Edinburgh and Gerard-Jan van Berckel joins our fiduciary management business.

May 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.

10 May - London
2017 Pension Conferences
The last 2017 conference – with just a few places left!

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

23 May, London
Fixed income and hedge funds
Part of our 2017 Investment Breakfast Series. At this briefing our investment specialists will discuss these two topical investment areas.

27-28 June, London
Pensions and Benefits UK
We are sponsoring the DC stream 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.

The Aon Community Art Award
Interested in art? The Aon award is your chance to bid on artworks from the students we are supporting at Glasgow School of Art, Leeds College of Art and Manchester School of Art. View the pieces and find out how to bid.

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.

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.

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

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.