Aon Summer Internship Programme - Actuarial Consulting - Pensions 2025

at  Aon Corporation

ENTRY REQUIREMENTS:

• As Actuarial Consulting is a mathematically based career path you will need to have or be on track to achieve a 2:1 degree (or equivalent) in a maths, actuarial science, or other highly numerate degree
• You will need to have achieved an A-grade or above in Maths A-level, A-grade in Maths Scottish higher or international equivalent
  Please be aware for future opportunities, including gradaute roles, applicants must be eligible to work in the UK without the need for visa sponsorship now or in the future; or you have pre-settled or settled status from the EU Settlement Scheme, or if you have applied and you’re waiting for a decision.

WHAT ARE WE LOOKING FOR?

• Motivation and ambition to pursue an actuarial career – be able to articulate why you want to be an actuary
• Passion and inquisitiveness – we are looking for candidates who 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

YOUR ROLE AS AN ACTUARIAL INTERN IN WEALTH SOLUTIONS: RETIREMENT

As an actuarial intern, you’ll find that no two days are the same. You’ll have the opportunity to work on a range of client teams with colleagues who provide advice and support to either the trustees managing the pension scheme, or the company that provides it.
Our aim is to help you learn about the potential career path ahead of you, while being given real responsibility on client projects. We’ll work 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.

ACTUARIAL AND ANALYTICAL TASKS, SUCH AS:

• 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
• Carrying out calculations with respect to individual pension scheme members’ benefits
• Estimating pension protection fund levies

CLIENT FOCUSED TASKS, SUCH AS:

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

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 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 using Aon’s Demographic HorizonsTM

As an Aon Summer Intern, you will be enrolled onto our award-winning development programme. For 9 weeks you will have the opportunity to take part in a wide range of insightful and interactive training and development activities in addition to your role. Here are couple of key elements of our intern’s 9-week development programme:

• Induction – a great way for you to learn about Aon and our Story, meet and network with your fellow interns and Aon colleagues from across our business including senior leaders; technical and business training to equip you with skills and knowledge to help you in your role
• Aon Business focused project – our interns are given a project to complete during the programme. You and your team of fellow interns will be tasked to research and help to find solutions for a real business challenge. At the end of the internship, you will have the chance to present your findings to a panel of Aon colleagues
• Feedback – when you start as an intern at Aon, you will have time with your line manager to discuss your goals and throughout your internship you will receive feedback and support