Aon launches Run-On Futures for smaller UK pension schemes

Aon announced Run-On Futures for smaller UK defined benefit pension schemes on September 3, 2026. The service combines actuarial, investment, covenant and administration capabilities within its Future DB offering. It is intended for trustees and sponsors considering continued operation rather than immediate insurance settlement. The investment component includes access to Aon-managed funds using diversified growth strategies, while the wider framework supports surplus generation and sharing. Aon said standardized advice and shared operational capabilities could reduce fixed costs compared with building a bespoke arrangement. Lucy Barron, partner and head of Investment Endgame, described the proposition as extending investment capability to smaller schemes. No individual client appointment, committed capital or guaranteed investment return was announced.