More Pension Plans Look at Governance, Study Says
The study included data collected in the fall of 2006 from 101 multinational companies with pension plans in several countries.
Recommend 0
June 27, 2007
More Pension Plans Look at Governance, Study Says
Many multinational companies are scrutinizing global
investment policies and risk management strategies related to their retirement
plans, according to a new Watson Wyatt Worldwide survey.
About 78 percent of companies surveyed reported that the
efficient governance of worldwide pension plans is a major issue. Roughly 53
percent have reviewed their global governance procedures in the last three
years, and of those, 83 percent changed their procedures as a result, the survey
found. Concern over regulatory risk was the reason for the change 69 percent of
the time.
Several multinational companies also reported that the
consistency of their global pension strategies was an issue. Roughly 31 percent
of respondents are considering moving toward a more consistent global investment
policy for retirement plans, and 9 percent plan to implement a consistent global
risk management policy during the next three years.
The study included
data collected in the fall of 2006 from 101 multinational companies with pension
plans in several countries.
Filed by Pensions
& Investments, a sister publication of Workforce Management. To comment, e-mail
editors@workforce.com.
If you enjoy the content on the Workforce Management Web site and want to see more, try 3 issues of our print edition risk-free. If you wish to continue, you will receive one full year for just $79. That's over 59% off the cover price. If you decide Workforce Management is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 3 issues are yours to keep with no further obligation to us. Sign up below.
Offer valid for new Workforce Management Subscribers only.
Canada subscribers - $129. All other Foreign - $199.
Sponsored Tools
Email Marketing Made Easy Grow your Business with Easy & Affordable Email Marketing. Start your FREE Trial Today!Employee Wellness Health programs improve performance and reduce cost. Create a wellness work culture.Effectively Manage Your Employee Time Software & hardware allow you to integrate time tracking & payroll. View a 5-min demonstration here.Offer Top-Notch Benefits Packages with TriNet TriNet Allows you to Offer Employees Fortune 500 Benefits that are Affordable, Scalable & ConvenientCRI - Executive & Sales Compensation Consultants Compensation Resources Inc. - Executive Compensation & Benefits Constultants for competitive pay programs. Other services include: Sales Compensation & Incentives, Performance Management, Salary Survey & Market Analysis, and Board Compensation.
= Member Only
