56: On Aon’s View on Improving Retirement Outcomes with Byron Beebe, Rick Jones and Tony Pugh

On Aon

Retirement plans are continually evolving as businesses look for ways to help employees close retirement savings gaps. Many companies are turning to multiemployer plans to maximize resources, minimize liability and offer retirement solutions that have not been traditionally available. This week’s host and Aon’s Head of U.S. Retirement, Jennifer Brasher, welcomes a team of Aon experts for a look at strategies that can potentially improve retirement outcomes and increase retirement savings by up to two years of additional retirement income. Global Chief Commercial Officer, Wealth Solutions, Byron Beebe; Head of Aon PEP (U.S.), Wealth Solutions, Rick Jones and Defined Contribution Solution Leader, EMEA, Tony Pugh, share their insights and advice regarding the benefits and impact of multiemployer plans.

• [1:52] Career advice and the inspiring elements of their profession.
• [4:44] Global trends among defined contribution and multiemployer plans.
• [10:56] The impact of the current market on retirement outcomes.
• [16:06] Addressing the internal challenges of transitioning to a multiemployer plan.
• [20:33] Evaluation standards for determining which plan is best.
• [25:38] Long-term impacts of multiemployer plans on retirement benefits and participants.

Additional Resources:

Aon’s website

The Aon Pooled Employer Plan: An Inflation Fighter

Five Reasons to Consider a Pooled Employer Plan as Part of Your 401(k) Benefits Strategy

Is a Pooled Employer Plan Right for Your Organization?

Why Pooled Retirement Plans are Changing the 401(k) Market

Aon Pooled Employer Plan Reaches $1 Billion in U.S. Plan Assets and Commitments

Tweetables:

• “All the work we do every day by building better DC solutions for our clients actually translates into real benefits and better future lives.” — Tony Pugh
• “As clients further outsource responsibilities, we give them the options they need, and the bandwidth is created for them to focus on their core business.” — Rick Jones
• “Think about what you want to control. You can still control those things when you join a multiemployer arrangement.” — Byron Beebe
• “When you’re doing this evaluation, it isn’t just about cost.” — Byron Beebe
• “This will only improve outcomes for individual retirees and improve American businesses.” — Rick Jones