Important ARP updates (18000)
This area of the website summarises certain changes that have happened and planned changes that are yet to happen.
The most important points to remember are:
- none of the changes have or will negatively impact your ARP benefits, and
- together, the changes form part of our long-term aim to secure your benefits in full.
On these pages (18001)
You can find the following information here:
- Read a summary below of what’s happened and what’s planned.
- Download a copy of our June 2024 letter – see 'Our documents library' for more details.
- Browse our dedicated 'Q&As' page if you have a query.
Long-term aim (18002)
The ARP is financially strong with a funding surplus. This puts the ARP in a good position for us to start preparing the ground to secure members’ benefits in full with individual insurance policies.
This is our overall aim for all sections of the ARP (except the HAPLAP section – see below and the 'Q&As' page).
To help achieve this, we need to get the ARP in the best shape possible – to make it attractive to potential insurers and meet all compliance obligations.
It’s the ARP’s overall financial strength today, which makes this possible and the timing right.
Are you a member of the HPF section? (18003)
We’re intending to start on the ARP’s journey to secure members’ benefits in full with an insurer with a specific group of pensioner members in the HPF section.
Updated: 3 October 2025
In summary (16183)
Click on each of the headings below to read about the next steps we're taking towards our long-term aim:
We're continuing to review members’ benefits to address a legal requirement called GMP equalisation.
We merged three sections of the ARP (the Aon Alexander & Alexander, Aon Bain Hogg and Aon UK sections) into one new combined section, called the Aon UK Limited Section.
This didn’t impact the benefits payable to members in any way.
Following the Company’s consultation with employees in 2024, we set up a new DC sub-fund within the Aon UK Limited Section. This is for current UK-based Aon employees and is called the Aon OnePlan.
We’re working with the Company to agree how best to use the funding surplus. This includes member-focused investments we’ve already made and some that will be coming soon. You have been (or will be) contacted about these opportunities if you are (or will be) eligible.
We agreed to the Company’s proposal to use some of the surplus for a limited period to pay its employer DC contributions for UK-based Aon employees who join the Aon OnePlan.
Are you a member of the HAPLAP Section? (16187)
Your HAPLAP benefits won’t currently be affected by any of the changes we’ve outlined.
Indeed, we’re not currently planning to secure HAPLAP members’ benefits with an insurer. This is due to the complexity of these benefits and the current ability to secure those benefits with an insurer on favourable terms.
You can read more detail on our dedicated 'HAPLAP specific Q&As' page.
