News


June 29, 2010,

AEGON Global Pensions’ white paper says the time is right for multi-client asset pooling

AEGON Global Pensions has issued its latest white paper on international pension provision: Asset pooling comes of age – a roadmap to pooling assets for pensions. The white paper addresses the issues facing multinational companies in managing their various pension plans, the diversity of pensions and pensions systems in Europe, and the different pension pooling solutions presently available to address this diversity. The paper not only shows how multi-client asset pooling offers a robust and future-ready solution for companies of all sizes but also gives readers a summary list of guidelines on when and how to implement asset pooling.

Over the past few years, as several large multinational companies set up tailor-made asset pooling solutions, it looked as if asset pooling for pensions was about to break through as a must-have solution for all companies with pensions plans across Europe. However, tailor-made asset pooling solutions turned out to be highly complex and costly to implement. In addition, the financial crisis forced companies to focus on more urgent problems. As a result, attention for asset pooling waned. With the advent of multi-client asset pooling solution in 2009, asset pooling became attainable for international companies of all sizes for the first time.

Alexander van Ittersum, author of the white paper, states: ‘Asset pooling was developed to help companies with international operations to gain a clear overview of their pension assets and to take advantage of their international scale. Importantly, asset pooling provides clear benefits for all stakeholders – it reduces complexity for corporate headquarters, provides a high quality asset management solution for local subsidiaries and provides local trustees with good investment performance and increased diversification at a lower cost.'

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