At Aon, we wanted to explore the impact of the COVID-19 pandemic on the efficiency of pension scheme decision making and the management of governance budgets. We recently published the findings from our investment research with a range of pension professionals: ‘COVID, climate and compliance – are you ready for the new investment challenges?’ The responses reinforced that clearly articulated investment beliefs and objectives are essential to a long-term investment strategy. The next step is to implement the strategy as efficiently as possible. Aon’s Tony Baily explores what this all means for pension scheme trustees.