How do you design and oversee your retirement plans globally to ensure they effectively meet your goals and the needs of your employees?
Optimizing your global retirement portfolio
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JOHN CARTER: Retirement plans around the world have very different features due to local legislation and market practice. Even within a country, there can be several different options for plan designs, as well as different funding vehicles available.
For example, in some countries multi-employer arrangements such as master trusts are becoming more prevalent as governance burdens increase and companies look to outsource specialist activities. Our own LifeSight master trusts, which operate in several countries, are seeing increased demand from clients looking to manage their governance requirements in this way.
In addition, multi-country plans, such as international pension plans, should be considered, as they can be optimal for some employee groups in certain locations, like in countries with unstable economies or no established local pension provision. So how do you go about designing and overseeing your retirement plans globally to ensure they effectively meet your goals and the needs of your employees?
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