Actuarial Consulting Pensions Industrial Placement Programme Intern

Actuarial Consulting Pensions – Industrial Placement Programme 2027 (Regional)

Start Date: 1^st September 2027

Application closing date: 7^th 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 help organisations make better decisions. Through our expertise in Risk Capital and Human Capital, we help businesses navigate uncertainty, make confident decisions and achieve better outcomes for their people, clients and communities. As an early careers colleague, you'll play a role in solving real business challenges while learning from experts across our global organisation.

Wealth Solutions: Retirement

Launch Your Career in Actuarial Consulting
Aon is looking for students completing a year in industry as part of their degree to join our Early Careers Launch Development Programme in actuarial roles. You do not need to be an actuarial expert on day one. Through our Launch Programme and on-the-job learning, you will develop practical actuarial and advisory skills, applying quantitative techniques to help clients understand, price and manage financial risk.

As an Actuarial Industrial Placement colleague, you will build the skills, confidence and market knowledge needed to turn complex quantitative information into clear business insight and support better client decisions. By reviewing AI-pre-populated baselines, setting and challenging assumptions, and interpreting results, you will learn how AI and global delivery teams can support routine calculation so that effort concentrates on judgement, scenario thinking and communication, while preserving the hands-on experience needed to develop your actuarial understanding.

Aon’s Wealth Solutions: Retirement teams help organisations make better decisions about pensions, retirement programmes and long-term financial commitments. In the UK, companies hold significant assets in pension schemes and must plan carefully to meet their obligations over many years. Our actuarial consultants advise trustees and employers on defined benefit pension schemes, helping them understand funding positions, manage financial and operational risks and prepare for the future.

How work is changing
Technology, including AI-enabled tools and global delivery teams, increasingly supports routine data preparation, reconciliation and baseline calculation. During your placement, you will learn how these tools support actuarial work and how colleagues use them to focus on validation, output checking, report drafting and documentation. With guidance, you will practise framing clear prompts, refining outputs for the task and client context, checking AI-supported analysis, testing assumptions and recognising when human judgement is needed. We will help you build your understanding of key calculations, communication techniques, project delivery, digital workflows, commercial awareness and professional judgement.

During your placement, you will gain hands-on actuarial experience. You will develop your understanding of how data, models, evidence, client needs, and business priorities build value. You will be supported to ask questions, explore different perspectives and connect your work to the decisions it helps inform.

Your role as an Actuarial Industrial Placement

You will work across a range of client teams, supporting colleagues who advise either the trustees responsible for pension schemes or the companies that sponsor them.

No two days are the same. You will collaborate with various client groups. You will assist colleagues who mentor trustees leading pension schemes or the companies that support them. You will gain meaningful experience while developing the technical, consulting and professional skills needed for a future actuarial career.

What you will do

Actuarial and Analytical Tasks, such as:

• Supporting the building and running of models for pension scheme analysis, reviewing AI-supported baselines, testing scenarios and validating outputs, with guidance to spot anomalies and understand when automated results should be questioned.
• Helping with funding and accounting valuations, projections, benefit calculations, data reconciliation and pension scheme reporting, while learning how inputs, results and assumptions are kept accurate, consistent and well documented.
• Conducting data and risk analysis to identify patterns and test scenarios, and gathering relevant evidence and wider context to help colleagues support client decisions.
• Learning about ways trustees and companies can manage or reduce pension scheme risks, including longevity, investment and inflation risk.

Client Focused Tasks, such as:

• Drafting clear reports, presentations and analysis summaries, learning how to explain technical information for different audiences and connect it to client needs.
• Supporting project workstreams, using AI-enabled tools and working with offshore analysts as part of one workflow, while keeping documentation organised and priorities clear.
• Supporting senior actuaries in client meetings, listening carefully, asking thoughtful questions and learning how different teams work together to understand needs and deliver well-rounded solutions.
• Contributing ideas to improve processes and digital workflows, testing new approaches with support and sharing what you learn with colleagues.

You may also gain exposure to specialist areas, depending on business need and location, 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 Industrial Placement, you will be enrolled onto our Launch Programme when you join. This development programme is built around 3 core elements:

1. Business learning. On-the-job learning with actuarial consultants, client teams and solution line specialists, helping you understand Wealth Solutions: Retirement, the wider Aon business and how your work contributes to client outcomes.
2. Centralised learning. UK Industrial Placement colleagues complete an Aon induction, monthly webinars, business skills training and workshops designed to build your confidence, knowledge and network across our business.
3. Feedback and support. At the start of your placement, you will agree goals with your line manager and receive regular feedback and support throughout the 12-month programme. As your confidence grows, you will have opportunities to take greater ownership of defined tasks and workstreams, adapt to changing priorities and share your learning with others.

Your career beyond your Industrial Placement programme

Our Industrial Placement programme is designed as a potential first step towards a long-term career with Aon. Your performance during the placement may lead to an offer for a place on our graduate programme in the same business area the following year. If you return as a graduate, you will receive continued technical and business skills training and support to work towards qualification as a Fellow of the Institute and Faculty of Actuaries (IFoA), including paid study leave and access to study and tuition materials.

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 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.
• You should be in the penultimate year of your university studies and able to complete a 12-month Industrial Placement from September 2027 to August 2028, before returning to university to complete your final year of study. You should therefore expect to complete your studies in 2029 and be available to join a Graduate programme from September 2029. Candidates who have already graduated, or who will complete their current undergraduate or postgraduate degree before the placement begins, are not eligible for the Industrial Placement programme.

What will help you succeed and grow

• Interest in actuarial consulting, analytics, risk, finance or related fields, and a desire to explore a future career in actuarial consulting.
• Clear written and verbal communication skills, with an interest in learning how to explain technical information to different audiences.
• Curiosity, critical thinking and a willingness to ask questions, challenge assumptions and work through problems carefully.
• A collaborative approach, alongside initiative, adaptability and the ability to organise your work and manage priorities with support.
• A proactive approach to seeking and applying feedback, taking ownership of agreed tasks and following through reliably.
• An inclusive approach, valuing different perspectives and helping others feel respected and able to contribute.
• An interest in using technology and learning new tools, including Copilot, analytics platforms and other AI-enabled ways of working.
• Familiarity with Microsoft Office applications. Experience with Python, SQL, VBA or similar technologies is helpful but not essential.

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), Farnborough (Surrey), Glasgow, Leeds & St Albans (Hampshire)

We recognise the value for our Early Career colleagues of being in the office environment from the beginning of their programme. As an Industrial Placement colleague, you will spend the first 6 months based in the office to support your learning, development and progression. This will enable you to access support from managers, collaborate with colleagues and grow your network across Aon. After completing this initial training period, you will 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 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 everyone 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.
• Please note: Due to the large number of applications, not everyone 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, you’ll have 7-14 days’ notice to help you 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 recognise and embrace the power of Artificial Intelligence (AI) to help job seekers be more efficient in their recruitment processes. In fact, Aon is in the business of developing and implementing innovative AI tools that support both colleagues and clients, which you’ll use as an Aon colleague if you join 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.

At Aon, we foster 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, interests and career goals. This helps you focus on submitting your strongest application and ensures we can assess everyone fairly and efficiently.

If, during the selection process, we believe another opportunity at Aon may be a better fit for your experience and aspirations, our recruitment team may discuss alternative options with 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 want to understand 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 - [email protected]. Good luck and we look forward to seeing what you can bring to Aon!

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