Aon Retirement update

In our inaugural monthly update, Aon’s Victoria Panormo summarises the key news from the last month. Victoria is also joined by Thomas Yorath and Jason Eshelby who review the developments on GMP Equalisation and the implications that this could have on your pension scheme

If you would like further information on GMP Equalisation you can listen to our recent webinar here

If you have any questions on any of the topics covered, please contact your usual Aon representative or Victoria

Episode 1 - Aon Retirement update - December 2018

In this podcast you will hear the key news from the last month summarised by Aon’s Victoria Panormo.

This months detailed focus is on the emergence of DB Consolidators. For this discussion Victoria is joined by Matthew Arends and Rhian Littlewood. Matthew and Rhian give an overview of what a Consolidator does and who the current consolidators are. You will also here valuable information on the key considerations if you are thinking of approaching a consolidator and what this solution means for scheme members.

During this podcast we refer to the Aon Pension Conferences. More information on these can be viewed here:

Episode 2 - Aon Retirement update - January 2019

Episode 3 - Aon Retirement update - March 2019

In this podcast you will hear the key news from the last month summarised by Aon’s Victoria Panormo.

This month's detailed focus is on risk settlement. For this discussion, Victoria is joined by Aon’s Karen Gainsford and Ben Harris. The risk settlement market has seen significant growth for some time now, with 2018 being a record breaking year seeing over £35bn of business placed. During this discussion, Karen and Ben will elaborate on the markets and make predictions for 2019. Furthermore, they share insights on how schemes can best prepare to take advantage of exceptional pricing.

Episode 4 - Aon Retirement update - April 2019

Your may edition of the Aon Retirement update, with your host Vicotria Panormo

Episode 5 - Aon Retirement update - May 2019

June 2019 - Featuring analysis cyber security.

In this podcast you will hear the key news from the last month summarised by Aon’s Victoria Panormo. This month’s detailed focus is on cyber risk, for which Victoria is joined by Aon's Paul McGlone. Week after week cyber attacks hit the headlines around the world, affecting individuals and companies alike. For organisations it is not just data and finances at risk, it is reputation, so how does this impact on pension schemes? During this discussion Paul will address these potential impacts, giving insights on steps that trustees and sponsors can take to ensure best practice around cyber security.

Episode 6 - Aon Retirement update - June 2019

July 2019 – Focusing on professional trusteeship

In this month’s podcast, Victoria Panormo summarises the key news from the past month, including is joined by Aon’s Nick Brinton to discuss Professional Trusteeship and the changes afoot. Victoria also discusses developments in the Pensions Dashboard project, takes a look at new DWP regulations amending trustees’ investment duties and discuss other news, including new PASA guidance on cyber-risk and the largest ever bulk annuity transaction.

Episode 7 - Aon Retirement update - July 2019

August 2019 - Featuring a discussion on long term funding targets

In this podcast you will hear the key pension news from the last month summarised by Aon’s Victoria Panormo. This month’s focus for the interview is on long term funding targets, for which Victoria is joined by Aon's Lynda Whitney. During this discussion Lynda explains some of the key issues and considers how in practice schemes are implementing this guidance from the Pensions Regulator.

Episode 8 - Aon Retirement Podcast - August 2019

Episode 9 - Aon Retirement Podcast - September 2019

October 2019 – Focusing on Responsible Investment

In this podcast, you will hear the key pension news from the last month summarised by Aon’s Victoria Panormo. This month Victoria is joined by Aon’s Tim Manuel who discusses the latest developments within Responsible Investing and what this means for pension schemes

Episode 10 - Aon Retirement Podcast - October 2019

Retirement update - November 2019 – Focusing on Risk Settlement

 In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

 This month Ricky is joined by Aon’s John Baines and Stephen Purves to discuss recent developments in the Risk Settlement market, including an increase in the number of large transactions, what this could mean for smaller schemes, and a look forward to what we might see in 2020.

 Further information: Aon’s Global Pension Risk Survey [https://www.aon.com/unitedkingdom/retirement-investment/pensions-stability/global-pension-risk-survey-2019.jsp]

Episode 11 - Aon Retirement Podcast - November 2019

December 2019 – Focusing on retirement targets for DC members

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Madalena Cain and Steven Leigh to discuss the Retirement Living Standards recently unveiled by the PLSA, including how these can be used to improve member engagement in DC schemes.

Further information: Pension Conference registration link  https://retirement.aonunited.com/PensionConferenceSeries2020_Registration?utm_source=Client%20Conversation&utm_campaign=Pension%20Conferences%202020%20&utm_medium=Organic

Episode 12 - Aon Retirement Podcast - December 2019

February 2020 – Focusing on pensions tax

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s James Mason and John McHugh to discuss pensions taxation, including the issues with the current system and how these may be addressed in the future.

Further information: Pension Conference registration link [https://retirement.aonunited.com/PensionConferenceSeries2020_Registration?utm_source=Client%20Conversation&utm_campaign=Pension%20Conferences%202020%20&utm_medium=Organic]

Episode 13 - Aon Retirement Podcast – February 2020

March 2020 – Focusing on the future of trusteeship and governance

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Susan Hoare to discuss The Pensions Regulator’s response to last year’s consultation on the future of trusteeship and governance and what we can expect from the upcoming single modular Code of Practice.

Further information: DC survey request link [ https://retirement.aonunited.com/AonDefinedContributionSurvey2020 ]

Episode 14 - Aon Retirement Podcast – March 2020

April 2020 – Focusing on the practical implications of COVID-19

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Sue Austen and Vanessa Jaeger to discuss some of the challenges presented by the coronavirus outbreak for those involved in running pension schemes.

Further information: COVID-19 response site [https://aon.com/unitedkingdom/retirement-investment/COVID-19.jsp]

Episode 15 - Aon Retirement Podcast – April 2020

May 2020 – Focusing on LDI portfolios in volatile markets

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Dilesh Shah and Lara Kennard to discuss the impact of recent market movements on schemes’ LDI portfolios, including some case studies and lessons learned for the future.

Further information: COVID-19 response site [https://aon.com/unitedkingdom/retirement-investment/COVID-19.jsp]

Episode 16 - Aon Retirement Podcast – May 2020

June 2020 – Focusing on the impact of COVID-19 on DC members

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Ben Roe and Chris Inman to discuss the impact of the COVID-19 pandemic on members of DC schemes, and the actions trustees and companies should be taking to help members deal with this.

Episode 17 - Aon Retirement Podcast – June 2020

July 2020 – Focusing on negative interest rates

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Joanna Sharples and Tom Spence to discuss the possibility of negative interest rates, and what this might mean for both defined contribution and defined benefit schemes.

Episode 18 - Aon Retirement Podcast – July 2020

August 2020 – Focusing on Responsible Investment in a post COVID-19 world

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Jennifer O’Neill and Lindsay Nickerson the latest developments in the world of Responsible Investment, including how attitudes to this topic have been affected by the COVID-19 pandemic.

Further information: Link to replay of “new normal” webinar [https://retirement.aonunited.com/InvestmentClicks_JUL20]

Episode 19 - Aon Retirement Podcast – August 2020

September 2020 – Focusing on reviewing objectives in a post COVID-19 world

In this podcast you will hear the key pension news from the last month summarised by Aon’s Ricky Marsh.

This month Ricky is joined by Aon’s Matthew Arends and Ryan Cox to discuss how the objectives of trustees, sponsoring employers and scheme members could all have been changed by the COVID-19 pandemic.

Further information: Link to request In Depth scheme funding analysis [https://www.aon.com/unitedkingdom/retirement-investment/pension-scheme-funding-an-analysis-of-completed-va.jsp]

Episode 20 - Aon Retirement Podcast – September 2020

Trustees and Defined Contribution pensions scheme managers have a duty to help deliver the best outcomes for members. So this year we focused our Defined Contribution survey on their concerns, their obstacles, and how they can best approach the future.

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Aon Retirement update

Pensions Podcast Series