Local approaches to pension risk

The Global Pension Risk Survey is Aon’s biennial survey of pension plan sponsors, trustees/fiduciaries and other pensions professionals. It has been running for a decade.

The 2019 survey was carried out in eight countries/regions. It explores the thoughts and risk management philosophy of those involved in decision-making on DB pensions, as well as the ways they plan to manage their DB assets and liabilities over the coming year.

Key areas of current focus for employers

Select a hexagon to find out more about the key areas of focus for employers across the globe.

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United Kingdom

Implications from Brexit

Redefinition (lower) of RPI inflation

Wide ranging Pensions Bill

GMP equalisation corrections

Increasing Regulator involvement

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Ireland

Pension Reform 2023

Pending IORP II implementation

Many triggers for consolidation

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Germany

Increasing pre-funding of DB plans

DC without guarantees

CMI-linked mortality tables

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Netherlands

Agreement reached on pension reforms

Reductions to accrued pensions

2/3rds approval for cross-border plans

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Switzerland

Generational equality/fairness

Reducing annuity conversion rates

Pure DC for high-earners

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Canada

Pension funding reform in many Provinces

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US

Multi-employer plan funding

ERISA: Fidelity Board cover

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Multinationals

De-risking DB plans

Member options, including lump sums

Settlement with insurers

Responding to low interest rates 

Alternative investments & liability hedging

Delegation of complex execution

More formal plan governance

Plan consolidation 

Cyber risk management 

Employee financial understanding & wellbeing

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Asia

Changes to mandatory funds

Increases in retirement age

Further movement from DB to DC

Increased pre-funding of DB liabilities

Reviewing vendor quality and pricing

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Multinationals

Increasing pre-funding of DB plans

DC without guarantees

CMI-linked mortality tables

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Key for areas of focus:

REQUIREMENTS

PROPOSALS

OPPORTUNITIES

Global Pension Risk Survey 2019

The Global Pension Risk Survey is Aon’s biennial survey of pension plan sponsors, trustees/fiduciaries and other pensions professionals. It has been running for a decade. Click below to view your country's report.

The survey explores the thoughts and risk management philosophy of those involved in DB pension decision-making, and the ways they plan to manage their DB assets and liabilities over the coming year.