AEGON Global Pensions has issued its latest white paper on international pension provision: 'Pensions in Europe – how multinational companies are preparing their pensions in Europe for the future'.
AEGON Global Pensions has interviewed pension directors from leading multinational companies, international pension consultants, representatives of the European Commission and national supervisory bodies.
Pensions in Europe reveals three clear trends in how multinational companies are managing their pensions – a drive to improve and centralise pension governance, a strong shift to Defined Contribution (DC) pensions, and the move to de-risk Defined Benefit (DB) pensions. In addition, cross-border pension provision was viewed by the majority of interviewees as potentially useful, but only a minority was actively involved in developing cross-border pensions.
On the basis of how the different companies view their pensions and the degree to which the companies and their pensions are centralised, four distinct groups of companies were identified – the Pragmatists, Trailblazers, Visionaries, and Transformers. By distinguishing these different groups, it is easier to identify which companies may benefit from employing centralised pensions solutions such as asset pooling and other cross-border pension solutions.
The paper also addresses how multinational companies view their pensions in the context of the European Union and how the actions of the European Commission are helping to shape the pensions environment across Europe. The paper concludes with an overview of future developments in European pensions and five summary guidelines on how companies can improve their international pension provision for the future.
Please read more in the summary (5 pages).
Receive the full white paper
If you would like to receive a copy of the white paper 'Pensions in Europe - how multinational companies are preparing their pensions in Europe for the future' (34 pages), please complete the form on our website and we will send you a PDF version.
