The retirement benefit landscape has changed dramatically in the past decade, and its evolution toward more cost-effective solutions is ongoing. The following resources provide multinational employers with a deep look into the world of global retirement and the trends we’re tracking.
A broad look at global retirement
Global Retirement Management
Support for the management of a multinational organization’s defined contribution (DC) and defined benefit (DB) retirement plans around the world.
Mastering DC plans globally
A global approach navigates local complexities to improve employee experience and manage employer risks.
Mastering global pension risks globally
Multinationals that approach their DB pension risks in a structured way succeed in implementing their risk reduction goals around the world.
International Pension Plan Survey 2024
Insight into the geographical coverage of IPPs and ISPs and vehicles used to establish them, membership criteria and plan design elements and the integration of ESG considerations.
Pensions: Global Accounting Consolidation and Risk Management
Is your multinational company interested in a more effective way to consolidate and monitor the financials of your pension debt?
Global market updates
Global Pension Finance Watch – Second Quarter 2024
Continued rises in global discount rates drove positive WTW Pension Index movements in most regions over the quarter.
Global Gender Wealth Equity Report
Our Wealth Equity Index reveals a significant gender wealth gap at retirement. We explore the effects of career, family support, life events and financial literacy on wealth accumulation.
Global pension assets rebound past USD 55 trillion
Global pensions assets returned to growth in 2023, rising in aggregate by 11% to reach USD 55.7 trillion.
Global legislative updates
Mexico: New retirement pension guarantee and other pending reforms
The level of state pensions for many current and future retirees in Mexico will increase substantially, which along with other proposed reforms may have impacts on employer pay and benefit programs.
Australia: Government to pay superannuation contributions on family leave benefits
Australia takes steps to support gender equity in retirement, addressing gaps in superannuation guarantee contributions that can be traced to time spent out of the workforce during family leave.
Brazil: New automatic enrollment and taxation options in supplemental retirement plans
Employer sponsors of supplemental retirement plans in Brazil can now allow for automatic enrollment, and participants can defer the choice of tax treatment until retirement.
Ireland: Auto-enrollment retirement savings system moves ahead
Employers have much to do to prepare as Ireland moves closer toward auto-enrolling employees in a government-run pension plan.
Netherlands: Pension reforms final
Netherlands requires that all pension plans transition to a defined contribution basis.
United States: IRS guidance on SECURE 2.0 provisions
The IRS answers questions on key provisions of SECURE 2.0 and plan amendment deadlines to help retirement plan sponsors implement required changes.
U.A.E.: New voluntary account-based system for funding end-of-service benefits
Employers in the U.A.E. can now opt into a new system allowing them to fund individual future end-of-service benefits by contributing monthly to an employee’s defined contribution account.
United Kingdom: Proposals for pension plans to help boost U.K. growth
U.K. unveils pension fund reform as part of a plan to support a more consolidated market for employers and provide better outcomes for plan participants.
South Korea: Requirement in South Korea to set default fund in their DC retirement plans
Employers in South Korea have until July 11, 2023 to implement a significant change affecting members’ retirement investment choice.
Spain: Amendments to the laws on pension plans and collective dismissals
Spain boosts access to pension plans to support temporary workers and partial retirees, among others, and adds notice protections for workers facing dismissal due to a workplace closure.
United States: Retirement and benefit provisions enacted, including mandatory auto-enrollment in new DC plans
Federal budget package brings major changes to U.S. retirement plan access and administration to encourage more retirement savings.
Germany: First pure DC retirement plans established
Employers throughout Germany will want to consider making changes to their existing pension plans now that the first pure defined contribution retirement plans are being implemented.
India: New labor codes affect employer-provided benefits including provident funds, and industrial relations
Four new labor codes will give some employers more flexibility in dismissing employees and could significantly increase employers’ benefit costs and liabilities.
United States: 2024 plan-level reporting and disclosure requirements under ongoing calendar-year qualified plans
This article provides reporting and disclosure requirements under ongoing calendar-year qualified plans in the United States.
United States: 2024 inflation-adjusted limits announced for a range of employee benefit plans
The 2024 tax-related limits could affect the design, administration and tax reporting for employee retirement and benefit-related plans.
