Actuarial Consulting Intern - Pensions

Actuarial Consulting Pensions – Summer Internship Programme 2027 – London Only Please apply to this position if you wish to be based in London only. (If you wish to be considered for a role based outside London, please apply for our ‘Actuarial Consulting Pensions Graduate Programme – Regional Locations' role.

) Start Date: 21st June 2027 Application closing date: 7th December 2026 Please note, we may close earlier if we receive the quantity, quality & variety 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 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 are here to advise our clients on their defined benefit pension schemes, helping them to handle the associated financial and operational risks, now and in the future.

As an Aon Summer Internship, you'll work alongside the most creative in the industry, earning as you learn and building your career as an Actuary! Your role as an Actuarial Summer Internship in Wealth Solutions: Retirement As an Actuarial Summer Intern, no two days in the office 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 handling 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.

What your day could look like: 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; and 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 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'll 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 As an Aon Summer Intern, you will be enrolled onto our Launch Programme when you join.

This development programme is built around 3 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 Summer Internships 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. Time with your line manager to agree your goals, alongside regular feedback and support throughout the nine-week internship. Your career beyond your Summer Internship programme Our summer internship programme is designed as a potential first step towards a long-term career with us.

Your performance during your internship 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 an internship 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 Summer Internship 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 are looking to build practical skills in Python, SQL, VBA, or cloud platforms.

• To ensure compliance with UK law, successful candidates must be able to demonstrate their right to work in the UK throughout the duration of their time in role.

What are we looking for? • Motivation and ambition to pursue an actuarial career. To be able to articulate why you are interested in becoming an actuary • Passion and curiosity.

We are looking for candidates who want to understand what we do and are motivated to deepen their learning • 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. Please apply to this position if you wish to be based in London only.

(If you wish to be considered for a role based outside London, please apply for our ‘Actuarial Consulting Pensions Graduate Progamme – Regional Locations' role.

) We recognise the value for our Early Career colleagues of being in the office environment from the beginning of their programme. As a new intern, you will spend your 9 weeks in the Aon office or with clients.

Joining us as a graduate after your internship means spending the first 6 months in the office. This time is for your learning, development, and progression.

This will enable you access to support from managers, collaborate with colleagues as well as grow your network across Aon. After completing this initial training period, you will then have the opportunity to work more flexibly, spending at least 3 to 4 days face to face in the Aon office or with clients.

Aon UK Internship Recruitment: What to Expect We know applying for your first internship 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: • 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, giving you 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 volume of submissions.

4. Assessment Centres • Our assessment centres are held in person at the Aon location nearest to the area you applied for. • Please note: Due to the large number of applications, not every candidate who completes 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, we will provide 7-14 days' notice to give you time to arrange any travel.

• We run a limited number of Assessment Centre so please make every effort to attend if invited. • We reimburse reasonable travel costs (such as standard class train tickets).

Flights and hotels are only covered if agreed in advance. • At the assessment centre stage, your CV and cover letter will be shared with hiring managers.

This helps them get a fuller picture of you as a candidate—but these documents are not used for initial screening. Aon's guidance of the use of AI during the selection process As an innovative global leader, we recognize and embrace the power of Artificial Intelligence (AI) to help job seekers be more efficient in their recruitment processes.

In fact, Aon focuses on developing and applying innovative AI tools that assist both staff members and customers. As an Aon colleague, you will use these tools when you become part of our team.

AI can be a helpful tool for researching Aon, preparing for interviews or refining your CV, it should support, not replace, your own thinking, judgement, skills and experiences.

Any application materials you submit should accurately reflect your achievements, capabilities and potential. We ask that you refrain from using AI when completing assessments or during live or pre-recorded interview processes, which will often include an in-person interview where the technology will not be available to you.

Additionally, virtual or in-person interviews should not be recorded or transcribed. Aon fosters a culture of inclusiveness, fairness and transparency.

We expect all candidates to embrace these principles in every interaction with us. Applying for more than one programme or role We ask candidates to submit one Early Carers application per recruitment cycle.

We encourage you to explore our opportunities carefully and apply for the programme or role that best matches your skills, passions and professional aspirations.

This helps you focus on submitting your strongest application and ensures we can assess candidates fairly and efficiently. If we believe another opportunity at Aon aligns better with your experience and aspirations during the selection process, our talent acquisition group may contact you.

If you're unsure which programme is right for you, we recommend reviewing the programme information on our careers site or attending one of our events before applying.

Top Tip: Choose the role you're most excited about, rather than treating a second application as a back-up option. We are eager to learn where your genuine interests lie and how you see your future career developing.

We're here to support you every step of the way. If you have any questions or need accommodations, just contact our team - Graduates@aon.co.uk. Good luck and we look forward to seeing what you can bring to Aon!