Management Consulting

Aon has successfully addressed the unique challenges faced by pension schemes in the evolving landscape of governance and compliance. One notable case involved a large retail client that experienced significant operational and compliance risks after losing several key personnel. This situation left the remaining team overwhelmed and unable to identify neglected tasks. Aon intervened by deploying a multi-disciplinary team to assess the client's struggles and stabilize the scheme. This approach allowed the client to pay only for the necessary skills and personnel on an ad-hoc basis. Within 18 months, Aon's support enabled the client to rebuild its in-house team and establish a sustainable governance framework, ultimately transitioning out seamlessly. In another case, Aon assisted a FTSE 100 client that was grappling with the challenge of recruiting senior strategic decision-makers. The client's reliance on early career recruitment resulted in an in-house team filled with administrators but lacking guidance. Aon provided seconded professionals who integrated into the client's team, functioning as an extension of their business while delivering key projects. This flexible arrangement allowed the client to access specific resources as their needs evolved and to upskill their existing entry-level workforce. Aon’s ongoing support aligned with the client’s strategy to outsource non-core activities, enabling them to focus on their primary business objectives without the distractions of ancillary work. These tailored solutions not only addressed immediate governance challenges but also empowered trustees to focus on strategic direction, ensuring that operational tasks were executed efficiently. Aon's extensive expertise and flexible support models have proven effective in helping clients navigate the complexities of pension governance in a demanding regulatory environment.