International pensions & benefits consulting

We explain the key risks faced and what actions companies can take to reduce cost and risk

This could be to change benefits, amend the underlying investment strategy, use insurance to remove risk, or increase efficiencies by rationalizing plans.

How we can help

The key areas where we help companies all over the world, include:

Global retirement plans for globally mobile assignees

We advise on all areas of these plans (also called International Pension Plans (IPPs) and International Savings Plans (ISPs)) including benchmarking or reviewing benefits, investment advice and strategy, ongoing strategy, communications, governance, and trustee and administration provider review and selection.

Managing retirement plans in local countries

Through our global consultants we provide advice in all areas:

• Reducing costs or risks
• Moving from defined benefit plans to defined contribution
• Reviewing local investment strategies
• Reviewing local providers
• Rationalizing plans
• Removing plans from corporate balance sheets through insurance

Multi-country accounting advice

We consolidate retirement accounting under International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) and local GAAPs ensuring that consistent approaches and assumptions are used across the world. This makes the process very efficient internally and with auditors.

Central reporting and governance

We provide advice to boards and global pension committees on their retirement plans around the world – measuring risk, helping to manage these plans, and identifying opportunities to reduce risk and ensure compliance and best practice.

Global mergers and acquisitions (M&A)

Helping companies involved in mergers, and/or acquisitions and divestitures to better understand the retirement arrangements in place, the risks attached to those arrangements, how they should be factored into the terms of the transaction, and how they could be restructured following a transaction.