It’s a globalized world, and corporations are increasingly multinational, with multiple locations and evermore mobile employees. As pension burdens increasingly weigh on public finances, retirement is not only the responsibility of the state, but also of employers. The time has come for a more global HR policy on pensions. Due to their diversity and complexity, pension schemes often have been set up locally, without neither a common benefits policy at the group level nor efficient monitoring and cost control by the parent company. This approach, while practical, is not without risks: counterparty risk in case of default by a service provider; reputational risk if the pensions paid out are insufficient; and above all, financial risk if the company must compensate for the inadequacies of local schemes. The transfer of Defined Benefits to Defined Contributions reduces the financial commitment burden on companies. Unmonitored DC plans in countries where regulations provide for guaranteed returns (such as the Netherlands, Belgium, and Germany) can transform DC schemes into a new form of DB, as guaranteed rates often remain the responsibility of the sponsor company.
It’s a globalized world, and corporations are increasingly multinational, with multiple locations and ever-more-mobile employees. As pension burdens increasingly weigh on public finances, retirement is not only the responsibility of the state, but also of employers. The time has come for a more global HR policy on pensions.
The conference on pan-European pension plans organized by asset manager Amundi and insurer LaLux on 5 February 2018 in Luxembourg announced its final agenda. Introduction by Claudia Chalmes-Coumont, LaLux Vie, Director Keynote speaker, H.E. Mr Pierre Gramegna, Luxembourg Ministry of Finance 2017 Annual Pension Survey, key findings, by Prof. Amin Rajan, CEO Create Research Panel on the Pan-European Pensions Regulatory framework – where do we stand? Panel moderator: Sophie
As the growth of pan-European pension plans is reported to accelerate, asset manager Amundi and insurer LaLux jointly organize a topical half-day conference on 5 February 2018 in Luxembourg. Featured speakers include: Luxembourg Minister of Finance, Pierre Gramegna European Commission head of the insurance and pensions unit, Nathalie Berger PensionsEurope CEO, Matti Leppala EIOPA Executive Director, Fausto Parente Create Research CEO, Prof. Amin Rajan Group head of compensation &