Key Takeaways
- Join Aon's Graduate Programme in Actuarial Consulting (Pensions) across regional UK locations.
- Develop into a qualified actuary, advising clients on financial risk and pension schemes.
- Requires a 2:1 in a highly numerical degree and an A-grade in Maths A-level.
- Application closing date is 7th December 2026.
- The programme includes structured development, professional qualification support (IFoA), and a hybrid working model after an initial office-based period.
About the Role
Actuarial Consulting Pensions – Graduate Programme 2027
Start Date: 8th March 2027 or 1st September 2027
Application closing date: 7th December 2026
Please note, we may close earlier if we receive the quantity, quality & variety of applications required.
About the Role
Aon is seeking graduates for its Early Careers Launch Development Program in actuarial roles. You will develop into a credentialed actuary, applying quantitative techniques to help clients understand, price, and manage financial risk. The role involves building skills, confidence, and market knowledge to translate complex quantitative information into clear business insight.
Wealth Solutions: Retirement
This team advises organisations on pensions, retirement programmes, and long-term financial commitments. You will assist trustees and employers with defined benefit pension schemes, focusing on funding positions, risk management, and future planning. The role will involve using technology, including AI-enabled tools and global delivery teams, to support routine tasks, allowing you to focus on validation, assumption setting, scenario analysis, and client communication.
Your Role as an Actuarial Graduate
You will work across various client teams, supporting advice to pension scheme trustees and sponsoring companies. You will gain hands-on actuarial experience, understanding the interplay of data, models, clients, and strategy.
What Graduate Actuaries work on:
- Building and running models for pricing, reserving, profitability, and pension scheme analysis.
- Reviewing AI baselines, testing scenarios, and validating outputs.
- Supporting funding and accounting valuations, projections, and reporting.
- Conducting data and risk analysis to identify patterns and help clients understand financial obligations.
- Identifying ways for clients to manage or reduce scheme risks.
- Supporting profitability and reinsurance analysis.
Client-focused work may include:
- Drafting reports, presentations, and analysis summaries.
- Coordinating workstreams and managing documentation.
- Supporting senior actuaries in client meetings and building client relationships.
Potential exposure to specialist areas:
- Risk Settlement
- Member Options
- Demographic analysis (Demographic Horizons™)
Your Development
Upon joining, you will be enrolled in the structured 10-month Launch Programme, combining work, business learning, professional development, and networking.
- Business learning: On-the-job learning with actuarial consultants and specialists.
- Centralised learning: Induction, webinars, business skills training, and workshops.
- Professional qualifications: You will work towards qualification as a Fellow of the Institute and Faculty of Actuaries (IFoA), with paid study leave and access to materials.
Your Career Beyond Graduate Programme
Continued support for technical and business skills training, with regular performance feedback and opportunities for promotion. You can explore specialisations in trustee or corporate client advisory, or join specialist teams.
Entry Requirements
- Achieved or on track to achieve a 2:1 degree (or equivalent) in a Maths, actuarial science, or other highly numerical degree.
- Achieved an A-grade or above in Maths A-level (or equivalent).
- Practical skills in Python, SQL, VBA, or cloud platforms are optional.
- Right to work in the UK is required.
What will help you succeed and grow
- Curiosity, motivation, and a desire to learn.
- Strong quantitative background and business insight.
- Interest in actuarial consulting, analytics, risk, finance, or insurance.
- Excellent communication, critical thinking, problem-solving, and analytical skills.
- Collaborative approach, initiative, and adaptability.
- Organizational skills and ability to manage multiple priorities.
- Proactive approach to seeking feedback and taking ownership.
- Confidence using technology, including AI literacy and prompt engineering.
- Proficiency with Microsoft Office applications; experience with Python, SQL, VBA is an asset.
Locations
Roles are available in Epsom, Glasgow, Leeds, and St Albans.
- The first 6 months will be office-based to support learning and development.
- After the initial training period, you will have the opportunity for flexible working, spending at least 3 to 4 days face-to-face in the office or with clients.
Aon UK Graduate Recruitment: What to Expect
- Application Review: Rolling basis, takes up to two weeks.
- Online Assessment: 5 calendar days to complete.
- Video Interview: Up to 10 days to record and submit.
- Assessment Centres (ACs): In-person, held from November to May (with pauses). 7-14 days' notice provided. Reasonable travel costs reimbursed.
Applying for more than one programme or role
Candidates are asked to submit one Early Careers application per recruitment cycle.
Contact: graduates@aon.co.uk