Management Consulting
Aon
Full Credential Description
United Pensions, a solution offered by Aon, addresses the challenges faced by employers managing retirement benefits across multiple countries, particularly in Belgium and the Netherlands. Many smaller pension funds are costly and complex to operate, creating a significant burden for employers and fiduciaries. United Pensions provides a streamlined approach that allows employers to access economies of scale without the need to establish and manage their own cross-border pension funds. This solution not only reduces operational costs but also lowers employer cash requirements, enhancing the sustainability of defined benefit (DB) pensions and improving outcomes for defined contribution (DC) pensions. The tailored solution of United Pensions includes professional governance, world-class delegated investment solutions, and complete client servicing by Aon. It allows each participating employer to maintain their specific DB or DC retirement benefits while offering flexibility through customized pension financing plans that cater to different risk appetites. Importantly, the pensions are fully segregated, ensuring that retirement benefits are secure and ring-fenced. A key innovation of United Pensions is its investment strategy, which leverages Aon's award-winning fiduciary management service. This provides smaller employers with access to high-quality investment opportunities typically reserved for larger pension funds, along with expert management that can adapt to market volatility. By facilitating cross-border DB financing, United Pensions helps reduce costs for employers while ensuring ongoing DB pension provision at a manageable price. This solution also serves as a viable alternative to buy-outs, which often come with high premiums and can limit member benefits. In the Dutch market, United Pensions stands out as a unique option for plan sponsors seeking alternative pension financing solutions, thereby enhancing the overall efficiency of retirement savings across multiple EMEA countries.