The head of investment consulting at Aon, Ian McKinlay, has warned a London conference that fund surpluses could be the next UK 'pensions scandal'.

Investment and Pensions Europe (IPE) reports Mr McKinlay’s comments that firms are being pressured into making contributions to pensions funds, many of which are facing a surplus. Aon says that there is a risk that such pressure to contribute could be storing up longer term problems on the operational side of the business.

The challenge is how to provide security without making unnecessary cash contributions that become trapped, IPE reports Aon research as saying.