Actuarial Consulting Pensions Placement at Aon

Placement Year (10 Months+)
Application Deadline
1st February 2021
East of England Greater London North West Scotland South East West Midlands Yorkshire and Humberside
Birmingham, Farnborough, Epsom, Glasgow, Leeds, London, Manchester, St Albans
Role May Involve
“The internship was extremely enjoyable. The office were really friendly and the work interesting. I would definitely recommend it…” - Read full review

- 382 reviews

Actuarial Consulting Pensions Placement

Join Aon as an actuarial consulting pensions industrial placement, and discover how our global team of specialists help businesses make smart choices about their employees’ pensions — now, and into the future.

Right now, UK companies have more invested in pension schemes than the rest of Europe combined. But, has each individual company set aside enough to meet their pensions’ obligations in twenty, thirty or even forty years’ time?

As the market leader in actuarial consulting, at Aon we’re here to advise our clients on their defined pension schemes, helping them to manage the associated financial and operational risks. As an Aon intern, you’ll work alongside the best and brightest in the industry — what better way to launch your career?

Entry requirements

  • Industrial placements are open to students who have this opportunity as part of their undergraduate degree
  • To apply, you’ll need to be educated to degree level with a minimum predicted grade of at least a 2:1 or equivalent qualification in a numerate/semi-numerate discipline and a B or above in Maths A-level, or equivalent
  • Strong commercial awareness, lots of ambition and an enthusiastic approach are important, too

The role

As an industrial placement student, you’ll find that no two days in the office are the same. You’ll work on a range of client teams with colleagues who advise either the trustees managing the pension scheme, or the company that provides it.

Our aim is for you to learn about the potential career path ahead of you, while being given real responsibility on client projects. We'll work with you through classroom-based and on-the-job training to develop your technical and consulting skills — including your understanding of key calculations, communication techniques, project management and networking.

You’ll get involved in

  • Regular assessment of the financial position of pension schemes
  • Identifying and implementing ways for trustees and companies to reduce the risks in relation to their schemes, including longevity risks, investment risks and inflation risk
  • Making calculations relating to the pension scheme for the company's financial accounts
  • Making calculations in respect of individual pension scheme members' benefits
  • Day-to-day management of the pension scheme
  • Estimating pension protection fund levies
  • Manage corporate transactions — ie, when a merger or acquisition of companies takes place, the liabilities of the companies' pension schemes need to be taken into account in the deal
  • The final close-down of the schemes when risk is passed to a third party

You’ll be given opportunities to work on a range of projects, gaining early exposure to clients to support your development. You’ll also have the chance to be involved in one of our world-class specialist teams.

About Aon

Few things are certain in life. Economic upheaval, political crises, natural disasters – and plenty more besides – all mean the world can be full of surprises. At Aon, we draw on the expertise of 69,000 people to help the biggest names in business plan for every eventuality – be it in pensions; general insurance; insurance; reinsurance and risk management; investment consulting; health & benefits broking and consulting; captive solutions or human capital consulting. We are the world's #1 insurance broker, #1 provider of reinsurance and #1 in human capital consulting. Our size, global network and emphasis on innovation mean where we lead, the industry follows.

How to apply

To apply for this role and to find out more, please click on the apply button.