LONDON (1 November 2018) – Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has released a new white paper ‘Choosing the right actuarial valuation approach’ which examines the complex options facing UK pension schemes and the implications of their chosen method of valuation.

In ‘Choosing the right actuarial valuation approach’, Aon has aimed to allow schemes to take a step back in order that they can examine:

•    The purpose of actuarial valuations
•    The range of schemes’ long-term objectives and how this affects strategic decisions
•    How this may affect the valuation approach they adopt for their scheme
•    The pros and cons of different methods

Jay Harvey, partner at Aon, said:
“For something so fundamental to a pension scheme, valuations are a famously complicated area with many factors which need to be considered before a single number is calculated. Among others, these will include the strength of the scheme sponsor, the long-term objectives of the scheme, the resulting investment strategy - and whether there is an appetite to use one of the more technically sophisticated approaches.

“For all schemes, different valuation approaches are ultimately just measurement tools. But selecting the right one is essential - and not letting the tool drive the decisions is even more important. With this paper we hope those involved with schemes can make certain they do more than just kick the tyres on historic valuation approaches and instead ensure that the valuation tool they use is the right one for their scheme’s future needs.”

‘Choosing the right actuarial valuation approach’ is available athttp://www.aon.com/unitedkingdom/retirement-investment/pensions-stability/scheme-funding/choosing-the-right-actuarial-valuation-approach.jsp

Media Contact
For further information please contact:
Colin Mayes                                          Tommy Cooper
Aon                                                       Kekst CNC
01372 733689                                         07983 921719
colin.mayes@aon.com                            aon@kekstcnc.com

Notes to Editors
About Aon
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Aon announced in May 2018 it will retire the business unit brands of Aon Benfield and Aon Risk Solutions, which follows the retirement of the Aon Hewitt business unit brand in 2017. This move was designed to increase the rate of innovation across the firm and make it easier for colleagues to work together to bring the best of Aon to clients. Aon has five specific global solution lines: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services.

Follow Aon on Twitter: @AonRetirementUK
Sign up for News Alerts: http://aon.mediaroom.com/index.php?s=58