Aon Industrial Placement Programme - Actuarial Consulting - Pensions 2026

Aon; St Albans; On-site; GBP 22,000 - 30,000; Full time

Job summary

A leading actuarial consultancy in St Albans is seeking an Actuarial Consulting Pensions Industrial Placement for 2026. In this role, you'll work closely with client teams to assess pension schemes, reduce associated risks, and develop key consulting skills. Ideal candidates should be pursuing a degree in maths or actuarial science, with strong communication and analytical skills. This position offers exposure to client interactions and professional development opportunities.

Benefits

Induction and training sessions

Continuous professional development

Potential graduate programme placement

Qualifications

• Strong analytical skills related to financial calculations.
• Ability to communicate complex ideas clearly.
• Experience or willingness to learn programming languages related to finance.

Responsibilities

• Assess the financial position of pension schemes regularly.
• Manage day-to-day operations of pension schemes.
• Build and maintain relationships with clients.

Skills

Motivation and ambition to pursue an actuarial career

Strong communication skills

Commercial awareness

Passion and curiosity

Self-starter

Education

On track to achieve a 2:1 degree in a maths or actuarial science

A-grade in Maths A-level or equivalent

Tools

Python

SQL

VBA

Cloud platforms

Job description

Actuarial Consulting Pensions – Industrial Placement Programme 2026 – Regional Locations

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

Application closing date: 5th December 2025

We may close earlier if we receive the quantity, quality & diversity of applications required.

Better Decisions Begin with You

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organisation, 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?

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

• Risk Settlement, advising clients on the best way to reduce risk through transferring it to a third party.
• Member Options, helping clients reduce risk and/or cost by offering pension scheme members the choice to reshape their benefits to better suit their individual circumstances.
• Analysis of mortality and other demographic factors to predict future trends within Aon's Demographic HorizonsTM team.

Your Development

• 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 in an Aon Induction, monthly webinars, business skills training and workshops; all designed to develop your knowledge of Aon, build your confidence and your network across our business.
• Feedback. When you begin your Aon placement, you will have time with your line manager to discuss your goals and over your 12-month programme you will receive feedback and support

Your career beyond your Industrial Placement programme

Our Placement programme is designed as a potential first step toward a long-term career with us. Your performance during your Placement may lead to an offer for a place on our graduate programme in the same business unit the following year. We encourage you to apply for a Placement that aligns with your long-term interests and career ambitions. By choosing a role that matches your aspirations, you’ll be better positioned to take full advantage of our Launch development programme, which offers comprehensive support for your professional qualification, a level 4 Diploma in Insurance from the CII (Chartered Insurance Institute), and ongoing career growth.

Next Steps

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

Entry Requirements

• 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 are looking to build practical skills in Python, SQL, VBA, or cloud platforms.

Right to work

Please be aware for future opportunities, including graduate roles, applicants must have their own right to work within the UK where you can maintain and demonstrate your right to work throughout the duration of your 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 to provide support and advice to our clients with clarity and confidence to enable revenue growth
• Strong communication skills, particularly being able to present complex ideas utilising data analysis, in a simpler, more understandable way
• A self‑starter that can take the initiative, work independently when needed but can also work collaboratively in a team environment

Locations

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

Here are the locations where we have Industrial Placement opportunities this year

Birmingham, Epsom (Surrey), Glasgow, Leeds, London, Manchester and St Albans (Hertfordshire)

Aon UK Industrial Placement Recruitment: What to Expect

We know applying for your first industrial placement role can be exciting, and sometimes a little daunting. At Aon, we’re committed to making our recruitment process as transparent and supportive as possible. Here’s how our selection journey works, and what you can expect at each stage:

1. Application Review

• We process applications on a rolling basis, moving candidates forward as they complete each stage.
• Every application is carefully reviewed by our team (not by AI).
• Due to the high volume of interest, this stage can take up to two weeks.
• Please note: We do not review CVs or cover letters at this point.

2. Online Assessment

• We understand you want to put your best foot forward, so you’ll have 5 calendar days to complete the online assessment.
• If you need more time, just let us know as extensions are available.

3. Video Interview

• Preparation matters, so you’ll have up to 10 days (240 hours) from receiving your invitation to record and submit your video interview.
• Rest assured: Every video interview is reviewed by a real member of our recruitment team, not an AI system.
• You’ll typically hear back from us within 2-3 weeks after submitting your interview, though times may vary depending on the number of applications.

4. Assessment Centres

• Our assessment centres are held in person at the Aon office closest to the location you applied for.
• Due to the large number of applications, not every candidate that complete a video interview will be invited to an assessment centre.
• Assessment centres usually run from November to May. (With a pause over the Christmas holidays.)
• If selected, you’ll have 7-14 days’ notice to help you arrange any travel.

Equal Employment Opportunity Statement

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. If you require any reasonable accommodations or adjustments, please contact [e-mail] and a member of the UK Early Careers team will contact you.