Aon Graduate Programme - Actuarial Consulting - Pensions (Regional Locations) 2026

Aon; Birmingham; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A global consulting firm is offering an Actuarial Graduate Programme starting in March or September 2026. The ideal candidates will work on pension schemes, develop critical skills in a supportive environment, and pursue professional qualifications. This program provides permanent contracts from day one and offers opportunities for growth across multiple UK locations including Birmingham and London.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Continuous learning opportunities

Qualifications

• On track to achieve a 2:1 degree or equivalent in maths, actuarial science.
• A-grade or above in Maths A-level or equivalent.
• Practical skills in programming languages.

Responsibilities

• Assess the financial position of pension schemes.
• Identify ways to reduce risks for clients.
• Manage relationships with clients and stakeholders.

Skills

Communication skills

Ambition to pursue actuarial career

Commercial awareness

Practical skills in Python, SQL, VBA

Education

2:1 degree in maths or actuarial science

A-grade in Maths A-level

Job description

Overview

Actuarial Consulting Pensions - Graduate Programme 2026 – Regional Locations

Start Date: 9th March 2026 or 2nd September 2026. Application closing date: 5th December 2025. At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. We are a diverse, inclusive team and are passionate about helping colleagues and clients succeed.

Wealth Solutions: Retirement

UK companies invest more in pension schemes than the rest of Europe combined. Our consultants advise clients on defined benefit pension schemes, helping them manage financial and operational risks now and in the future. As a graduate, you will work with the most creative minds in the industry, earning as you learn and building your career as an Actuary.

Your role as an Actuarial Graduate in Wealth Solutions: Retirement

As an actuarial graduate, you will work on a range of client teams providing advice and support to trustees or the company sponsoring the scheme. Our aim is to develop you into a trusted advisor quickly, through technical and consulting skills, communication, project management and networking. You will continually improve your commercial awareness and professionalism to grow into a successful actuarial consultant.

Responsibilities

Actuarial and Analytical Tasks

• Regular assessment of the financial position of pension schemes
• Identify and implement ways to reduce risks for trustees and companies (longevity, investment, inflation)
• Carry out calculations for the pension scheme for the company’s financial accounts and for individual members’ benefits
• Estimate Pension Protection Fund levies

Client Focused Tasks

• Day-to-day management of the pension scheme and internal projects
• Build and manage relationships with clients and other stakeholders
• Attend and present at client meetings

Projects may include specialist teams such as:

• Risk Settlement
• Member Options
• Analysis of mortality and demographic trends (Demographic HorizonsTM)

Your Development

You will be enrolled on our Launch Programme on joining, built around three core elements:

• Business learning: on-the-job experiences to develop knowledge of your team and solution line
• Centralised learning: induction, monthly webinars, business skills training and workshops to build knowledge, confidence and network
• Professional Qualifications: the role includes expectation to complete a professional qualification as a Fellow of the Institute and Faculty of Actuaries, with paid study leave and materials

Your career beyond the Graduate programme

After completing the programme, you’ll continue to receive technical and business skills training, pursue actuarial qualifications, and work with your line manager toward promotions (twice a year). You can explore different career paths and specialist teams as listed above.

Next Steps

Entry Requirements:

• On track to achieve a 2:1 degree (or equivalent) in maths, actuarial science, or a highly numerical discipline
• A-grade or above in Maths A-level (or Scottish higher or international equivalent)
• Practical skills in Python, SQL, VBA, or cloud platforms

Permanent contracts from day one; right to work in the UK required. EU Settlement Scheme status or ongoing decision process is acceptable.

What we’re looking for

• Motivation and ambition to pursue an actuarial career
• Passion and curiosity to understand what we do
• Commercial awareness to support clients and enable growth
• Strong communication skills to present complex data clearly
• A self-starter who can work independently and in a team

Locations

Wealth Solutions: Pensions teams are based across the UK with equal opportunities for learning and progression. Graduate locations include: Birmingham, Bristol, Epsom (Surrey), Farnborough (Hampshire), Glasgow, Leeds, London, Manchester and St Albans (Hertfordshire).

If you wish to be considered for a role based inside London, please apply for the London-only programme.

Working arrangement

The programme begins with a six-month in-office training period, followed by flexible working with a mix of office and client days.

How we support our colleagues

We offer a comprehensive benefits package and a diverse, agile environment that supports wellbeing and work/life balance. Two “Global Wellbeing Days” are provided each year. We encourage continuous learning and provide equal employment opportunities regardless of protected characteristics. If you require reasonable accommodations, contact [e-mail].

About Aon: Aon plc exists to shape decisions for the better, with a global footprint and local solutions. Follow us on LinkedIn, X, Facebook and Instagram, and visit our newsroom for updates. #AonGraduateUK #ActuarialConsultingPensionsUK