So far cross-border pensions have been discussed extensively, however, have not been put into practice with as much effort. We can all agree how challenging it can be operating in the cross-border environment, in particular complying with the many (and often complex) requirements at each single local level.

International pension plans (IPPs) have been around for many years. A wide variety of employers have already established IPPs covering employees in well over 100 countries. Plan sizes range from only a few members to a handful of plans with more than 5,000 members. There are currently well over a thousand IPPs in existence; and, our experience tells us that this number continues to grow as more employers discover their many benefits, and how they can be used effectively to provide pensions and long term savings for certain employees.

Marsh in April 2018 announced it has named Chris Lay CEO, U.K. and Ireland, succeeding Mark Weil, who is leaving Marsh, and reporting to Flavio Piccolomini, president of Marsh International. Lay will be based in London and is expected to take up his role this summer. He spent all of his career at Marsh where he held the positions of President & CEO of Marsh Canada; President, Global Captive

Much has been made of borders in the speculation around Brexit. While focus has been on the Irish border, there is a generalised desire to limit the imposition of so-called “hard” borders after the UK leaves the European Union. These discussions focus on trade barriers, and what remains very much in the air is how people movement will be affected. While limiting free movement is in essence a political problem, it does have very practical repercussions.