Internship
TL;DR
Key Takeaways
- 9-week summer internship in Actuarial Consulting (Pensions) in London.
- Gain practical experience, develop technical and consulting skills, and work on client projects.
- Opportunity to earn as you learn and potentially secure a place on the graduate programme.
- Requires a strong numerical background (2:1 in a maths/numerical degree, A-grade in Maths A-level) and right to work in the UK.
- Application closing date: 7th December 2026.
About the Role
This is a summer internship programme focused on Actuarial Consulting within Pensions, specifically for those wishing to be based in London.
About Aon
Aon shapes decisions for the better to protect and enrich lives globally. They operate as a united, inclusive, and diverse team, driven by trust and a passion for colleague and client success.
Wealth Solutions: Retirement
UK companies have significant investments in pension schemes. Aon's actuarial consultants advise clients on defined benefit pension schemes, helping them manage financial and operational risks.
Your Role as an Actuarial Summer Intern
As a Summer Intern, you will:
- Work alongside creative industry professionals, earning as you learn and building a career as an Actuary.
- Gain exposure to client teams, supporting either the trustees or the sponsoring company of pension schemes.
- Participate in classroom-based and on-the-job training to develop technical and consulting skills, including calculations, communication, project management, and networking.
Day-to-Day Tasks Could Include:
Actuarial and Analytical Tasks:
- Regularly assessing the financial position of pension schemes.
- Identifying and implementing strategies for trustees and companies to reduce scheme risks (e.g., longevity, investment, inflation).
- Performing calculations related to pension schemes for company financial accounts and for individual members' benefits.
- Estimating Pension Protection Fund levies.
Client Focused Tasks:
- Managing day-to-day pension schemes and internal projects.
- Building and managing relationships with clients and scheme stakeholders.
- Attending and presenting at client meetings.
Specialisms You Could Be Involved In:
- Risk Settlement: Advising clients on transferring risk to third parties.
- Member Options: Helping clients reshape member benefits to reduce risk and/or cost.
- Demographic Analysis: Analysing mortality and other demographic factors within Aon's Demographic Horizons™ team.
Your Development
- You will be enrolled onto the Launch Programme, which includes:
- Business Learning: Gaining knowledge of your team and solution line.
- Centralised Learning: Participating in an Aon Induction, monthly webinars, business skills training, and workshops.
- Feedback: Regular feedback and support from your line manager to agree goals.
- The internship is a potential first step towards a long-term career, with performance potentially leading to an offer for the graduate programme.
- Support for professional qualifications, including a Level 4 Diploma in Insurance from the CII (Chartered Insurance Institute), is provided.
Next Steps
Entry Requirements:
- 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 desirable.
- Must have the right to work in the UK.
What Aon Looks For:
- Motivation and ambition to pursue an actuarial career.
- Passion and curiosity to understand Aon's work.
- Commercial awareness.
- Strong communication skills, especially presenting complex data simply.
- A self-starter who can work independently and collaboratively.
Locations
This specific role is for London only. Other regional locations are available via a separate graduate programme application.
Recruitment Process
Applications are reviewed on a rolling basis.
- Application Review: Applications are reviewed by a team, not AI. This stage can take up to two weeks.
- Online Assessment: Candidates have 5 calendar days to complete.
- Video Interview: Candidates have up to 10 days to record and submit.
- Assessment Centres: Held in person, typically from November to May. Candidates receive 7-14 days' notice. Reasonable travel costs are reimbursed.
Important Information
- Apply for only one Early Careers programme per recruitment cycle.
- AI should support, not replace, your own thinking and experiences. Do not use AI for assessments or interviews.
- Virtual or in-person interviews should not be recorded or transcribed.
Contact
For questions or accommodations, contact Graduates@aon.co.uk.