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In a landmark move, IBM has redefined its retirement strategy, signaling a potential trend for corporate America. Our analysis reveals IBM’s pivot from traditional pension accruals to a novel approach, blending cash balance benefits with a pay increase and pay credit system. This shift, executed amid a climate of peak pension fund health, showcases IBM’s innovative use of surplus assets for future benefits. The new scheme phases out the

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In the May-June 2024 issue: Morten Unneberg Interview – Insurope And: Immune Health Is All About Balance – Aimee Pugh Bernard Food And Your Gut Microbiome Are Your Built-In Weight Loss System – Christopher Damman Alcohol Use Disorder Can Be Treated – Joseph P. Schacht Does Your Service Business Need AI? – David Cohen, Christopher Meyer, Sudhir Nair Mac At 40: User Experience Was The Innovation – Jacob O.

The Organization for Economic Cooperation and Development (OECD) in June 2024 announced that the G20 gross domestic product (GDP) increased by 0.9 % quarter-on-quarter in the first quarter (Q1) 2024, according to provisional estimates, up slightly from 0.7 % in the previous quarter (Chart 1). The area’s economic performance was primarily supported by China and India in Q1 2024[1]. Together with Türkiye, Saudi Arabia, Korea and Indonesia, they recorded GDP growth rates

The Organization for Economic Cooperation and Development (OECD) in May 2024 announced its latest trade numbers. After falling in 2023, G20 merchandise exports (current US dollars) bounced back in Q1 2024. Compared with Q4 2023, exports rose by 1.9 %, driven by strong growth from China, while imports slipped by 0.2 %, partly reflecting lower energy prices. According to preliminary estimates, G20 services trade continued to expand in Q1

Adriana Scherzinger has a rich background in the insurance industry, which has been highlighted by her recent appointment as Zurich Insurance Group’s group head of captives. She has been with Zurich since 2005, having held various significant roles across different regions, including Latin America and the Middle East, and more recently in the U.S. and Switzerland​​. Scherzinger’s educational background includes an Executive MBA from Fundação Getulio Vargas in Brazil
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