Leaving
Find out what happens if you leave the Aon OnePlan.
Leaving during the opt-out period
If you’ve been enrolled into the Aon OnePlan, but don’t want to be a member, you can opt out during your first month of membership.
You’ll receive a refund of the contributions you paid and be treated as if you’d never joined.
If you want to opt out of the Aon OnePlan, complete an opt-out form and send to HRGO.
The form is available on Aon Avenue > Resources > UK People Org Policies > Benefits.
Leaving before you retire
Membership is voluntary so you can leave the Aon OnePlan at any time.
If you leave, you stop being an ‘active’ member and contributions to your account will stop.
- Except for the special situations below, we’ll automatically transfer your pension savings to the Aon OnePlan Section of the Aon MasterTrust unless you commence the transfer out process or retirement process before the relevant date.
The timing of the transfer will depend on the date you leave Aon.
Leavers’ pension savings will transfer to the Aon OnePlan Section of The Aon MasterTrust once every quarter, on these transfer dates:
- 24 February
- 24 April
- 24 July
- 24 October
If the 24th falls on a weekend or public holiday, we'll carry out the transfer on the next working day.
- You will be sent a leaver letter if you leave the Aon OnePlan. The leaver letter will serve as your one-month notice of the transfer. Allowing for a day when your account will be unavailable so we can make the transfer, your pension savings will move on the next available transfer date allowing for one month's notice.
For example, if you leave on 22 January, your account would move on 24 February.
However, if you leave on 23 January, your account would move on 24 April.
- Your pension savings will continue to benefit from investment returns from the date your pension savings transfer.
There are no extra charges for this and you’ll retain the same options that are available in the Aon OnePlan. For example, you’ll be able to transfer to another arrangement later if you want to.
In certain circumstances, your pension savings will remain in the Aon OnePlan and continue to be invested in line with your instructions. In this case, you’ll become a ‘deferred’ member of the Aon OnePlan.
The special circumstances where this applies are:
- If you remain in Aon employment, or
- If you have a Hewitt Pension Fund (HPF) defined benefit (DB) pension that’s not yet in payment, or
- If you have a form of pension protection that would be lost on transfer to The Aon MasterTrust, or
- If you have divorced or ended your civil partnership and your benefits are still subject to the court ruling (for example, a pension sharing order).
If, at a future transfer date, the special situation no longer applies, we’ll automatically move your pension savings to the Aon OnePlan Section of The Aon MasterTrust.
Finding out more
Please refer to the Member Guide for more details – available on the Aon OnePlan member website via the 'My Account' page.