All Aon articles – Page 4
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NewsBudget 2021: Missed opportunity to tackle pensions ‘ticking time-bomb’
Following a Budget speech light on pensions policy announcements, the industry has been weighing in on what has been revealed, including a consultation on the charge cap and a new tax relief for low earners in net pay schemes, while others say that the chancellor has not done enough to address industry concerns.
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NewsClimate awareness now ‘business as usual’ for schemes, Aon says
On the go: Managing climate change is now “business as usual” for pension funds, while other factors surrounding political instability have diminished in importance, Tim Manuel, co-head of responsible investment at Aon, told the Pensions and Lifetime Savings Association’s annual conference.
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NewsSanofi scheme agrees £760m buy-in with L&G
On the go: The £3.1bn Sanofi Pension Scheme has agreed a £760m buy-in with Legal & General Assurance. Separately, the scheme terminated an emerging market manager and replaced it with two new managers during 2020.
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NewsCMA to investigate Willis Towers Watson deal
On the go: The Competition and Markets Authority has announced an investigation into a planned merger between American insurance brokerage Arthur J Gallagher & Co and Willis Re, Willis Towers Watson’s treaty reinsurance business.
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NewsTPR criminal powers policy spurs more industry concern
The Pensions Regulator has published its policy on how it intends to use upcoming criminal powers to prosecute those who fall foul of new legislation, following widespread industry concern into the scope and extent of the powers.
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NewsKeysight plan agrees buy-in, motor industry section reaches buyout
Risk Watch: A roundup up of the latest derisking transactions, including the Keysight Technologies plan’s £250m deal with Just Group and Ashwal Garage’s insurance transaction with Aviva.
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NewsEnergy company scheme appoints new fiduciary manager
On the go: The £642m Uniper Group of the Electricity Supply Pension Scheme has awarded a £570m fiduciary management mandate to Kempen Capital Management.
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NewsPandemic impacts DB schemes’ deficit recovery periods
On the go: The deficit recovery periods of defined benefit schemes with valuations in 2020-21 was impacted by the pandemic-led crisis, with these schemes having a smaller reduction than expected, according to new analysis.
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NewsAon launches online quiz to explore CDC option
On the go: Aon has launched an online quiz that UK employers and pension scheme trustees can use to explore how a collective defined contribution scheme could meet their future needs.
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NewsMerger with WTW would have been a good deal, says Aon CEO
On the go: Aon chief executive Greg Case continues to argue that the merger with Willis Towers Watson would have been a good deal for the UK pensions market.
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NewsHymans Robertson joins impact investing community
On the go: Hymans Robertson has announced that it has joined the impact investing community, Pensions for Purpose.
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PodcastsPodcast: Market capacity may be barrier to DC scheme consolidation
Podcast: There may be limited capacity in the master trust market to take on a rush of defined contribution pension funds as the government continues with its consolidation push, according to Kim Gubler, chair of the Pensions Administration Standards Association, and David Saunders, senior partner elect at Sackers. In this episode, our panellists also discuss Aon and Willis Towers Watson’s abandoned merger, new developments in the pensions dashboards project and the regulator’s review of schemes eligible for the Fraud Compensation scheme.
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NewsAon and WTW cancel $30bn mega-merger
On the go: Aon and Willis Towers Watson have abandoned their planned $30bn (£21.7bn) merger after an intervention from the US Department of Justice.
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NewsPension funds advised to keep close eye on inflation
Recent spikes in inflation have led consultants to advise schemes against buying overpriced hedges and urging them to stay underhedged over the next three years, while looking elsewhere for inflation-linked returns.
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NewsKingfisher completes £900m buy in; Londis scheme winds up
Risk watch: A roundup of the latest derisking transactions, including the Kingfisher scheme’s £900m buy-in with Aviva and the Londis scheme winding up after a bulk annuity transaction.
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NewsNorfolk Council scheme extends investment consultancy framework
On the go: Norfolk County Council, acting on behalf of its own circa £3.6bn pension fund and a number of other UK Local Government Pension Schemes, has announced an extension to the duration of the National LGPS investment consultancy framework as a result of the Covid-19 pandemic.
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NewsGivaudan scheme completes £64m buy-in with Aviva
On the go: The Givaudan UK Pension Plan has completed a £64m buy-in transaction with Aviva, covering the pensioner liabilities for 277 members.
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NewsCAB International scheme hires Aon as administrator
On the go: The £60m defined benefit section of the CAB International Pension Scheme has hired Aon to provide administration services.
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NewsDB schemes overestimating endgame timeline goals
On the go: Almost half of defined benefit schemes are expecting to reach endgame in five to 10 years, which could be a cautious forecast as trustees’ risk missing strategic opportunities, according to Aon.
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NewsAon sells US businesses to complete merger with WTW
On the go: Aon has sold two US businesses in order to complete its merger with Willis Towers Watson, after concerns were raised by the US Department of Justice.