Aon Industrial Placement Programme - Actuarial Consulting - Pensions 2026

Aon; Birmingham; Hybrid; GBP 20,000 - 30,000; Full time

Job summary

A global consulting firm in the UK seeks candidates for an Actuarial Consulting Pensions Industrial Placement. Successful applicants will work on pension schemes, gaining early client exposure while developing technical and consulting skills. This role is suited for those aiming for an actuarial career, with a focus on relationships and risk assessment. Flexible working options are available post-initial phase.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Continuous learning culture

Qualifications

• On track to achieve a 2:1 degree (or equivalent) in a highly numerical degree.
• Have achieved an A-grade in Maths A-level or equivalent.
• Building practical skills in relevant tools.

Responsibilities

• Assess financial positions of pension schemes regularly.
• Manage relationships with clients and stakeholders.
• Attend and present at client meetings.

Skills

Motivation for an actuarial career

Passion and curiosity

Commercial awareness

Strong communication skills

Initiative

Education

2:1 degree or equivalent in maths, actuarial science, or a highly numerical degree

Tools

Python

SQL

VBA

Cloud platforms

Job description

Overview

Actuarial Consulting Pensions – Industrial Placement Programme 2026 – Regional Locations

Start Date: 9th March 2026 or 2nd September 2026

Application closing date: 5th December 2025

Better Decisions Begin with You

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. We are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

Wealth Solutions: Retirement

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 leaders in actuarial consulting, our consultants advise clients on defined benefit pension schemes, helping them to handle the associated financial and operational risks, now and in the future. As an Aon Industrial Placement, you’ll work alongside the most creative in the industry, earning as you learn and building your career as an Actuary.

With ever-changing markets and legislation, the work you will be doing is constantly evolving and Aon will help you to gain the skills required to be a successful and trusted actuarial consultant for our clients, across a diverse and complex range of topics.

Your role as an Actuarial Industrial Placement in Wealth Solutions: Retirement

As an Actuarial Industrial Placement, no two days in the office are the same. Our Industrial Placements work on a range of client teams with colleagues who provide advice and support to either the trustees handling the pension scheme, or the company that provides it.

Our aim is for you to progress into a trusted advisor for your clients as soon as possible. We’ll help you do this by developing both your technical and consulting skills — including your understanding of key calculations, communication techniques, project management and networking. Throughout your career with Aon, you’ll continually improve your commercial awareness and professionalism — which will help you grow into a successful actuarial consultant.

What your day could look like

Actuarial and Analytical Tasks:

• 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
• Carrying out calculations relating to the pension scheme for the company's financial accounts; and with respect to individual pension scheme members' benefits
• Estimating pension protection fund levies

Client Focused Tasks:

• Day-to-day management of the pension scheme and internal projects
• Building and managing relationships with clients and other stakeholders of the scheme
• Attending and presenting at client meetings

You’ll work on a range of projects, gaining early exposure to clients to support your development. You may also be involved in specialist teams, focusing in areas such as:

• Risk Settlement – advising clients on reducing risk through transferring it to a third party
• Member Options – helping clients reduce risk and/or cost by offering pension scheme members the option to reshape their benefits
• Analysis of mortality and other demographic factors to predict future trends within Aon’s Demographic Horizons team

Your Development

As an Aon Industrial Placement, you will be enrolled onto our Launch Programme when you join. This development programme is built around three core elements:

• Business learning: on-the-job learning and experiences enabling you to develop your knowledge and understanding of your team and solution line
• Centralised learning: UK Industrial Placements complete an induction, monthly webinars, business skills training and workshops to develop your knowledge of Aon, build your confidence and your network
• Feedback: you will have time with your line manager to discuss your goals and receive feedback and support over the 12-month programme

Your career beyond your Industrial Placement programme

Once you’ve completed the industrial placement programme, depending on your performance, you may be offered a role on our graduate programme for the following year.

Next Steps

If you are interested in this Industrial Placement programme and would like to apply, here is some useful information:

Entry Requirements

As Actuarial Consulting is a mathematically based career path you will need:

• On track to achieve a 2:1 degree (or equivalent) in a maths, actuarial science, or other highly numerical degree
• Have achieved an A-grade or above in Maths A-level, A-grade in Maths Scottish higher or international equivalent
• To have or be building practical skills in Python, SQL, VBA, or cloud platforms

Right to work

Please be aware that for future opportunities, including graduate roles, applicants must have their own right to work within the UK and be able to demonstrate it throughout the duration of employment. For temporary and permanent roles you’ll be asked to provide evidence of your right to work during the early stages of the application process.

What are we looking for?

• Motivation and ambition to pursue an actuarial career. To be able to articulate why you want to be an actuary
• Passion and curiosity. We are looking for candidates who want to understand what we do and are eager to learn more
• Commercial awareness. This helps us provide support and advice to our clients with clarity and confidence to enable revenue growth
• Strong communication skills, particularly presenting complex ideas using data analysis in an understandable way
• A self-starter that can take initiative, work independently when needed but can also work collaboratively in a team

Locations

Our Wealth Solutions: Pensions teams are based across the UK. All locations offer the same opportunities for learning, career progression and rewards.

Locations for Industrial Placement opportunities this year include: Birmingham, Manchester and London

We recognise the value of an in-office start. The first 6 months are based in the office to support learning, development and progression. After this period, you will have the option to work more flexibly, spending 3–4 days per week in the office or with clients.

How we support our colleagues

We offer a comprehensive benefits package, a diverse and inclusive environment, and wellbeing support. All colleagues enjoy two Global Wellbeing Days each year to focus on themselves. Our continuous learning culture helps you learn, share and grow, so you can achieve your fullest potential.

Aon provides equal employment opportunities to all employees and applicants without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital or domestic partner status, or other legally protected status. We provide reasonable accommodations to participate in the job process where required. If you require accommodations, please contact Industrial Placements at aon.co.uk and a member of the UK Early Careers team will respond.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through analytics, risk and human capital expertise, and locally relevant solutions, our colleagues serve clients in over 120 countries.

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