THE NETHERLANDS - Global outsourcing and consulting firm Hewitt Associates is to fully integrate its Dutch-based partner Heijnis en Koelman.
The new operation will be called Hewitt Heijnis en Koelman and seals a 15 year relationship between the two firms. The move is awaiting approval from the Dutch Works Council.
Dries Nagtegaal, who will lead client development at Hewitt Heijnis en Koelman said: This is a significant step forward for Heijnis en Koelman and in the way we are able to service our clients. We now have nearly 200 associates in the Netherlands, with offices in Amsterdam, Eindhoven, Rotterdam and Utrecht.
“We will have access to a broader range of Hewitt's world-wide resources and be able to make greater investment in infrastructure, technology and training to serve our clients better.
Perry Brandorff, who leads Hewitt's European operations said: As the business needs of our clients in the Netherlands and around the world grow, we believe it is important to further invest in and build upon our services and capabilities.”
The step significantly increases Hewitt’s European capabilities. The firm recently integrated Bacon and Woodrow in the UK, Delaney Bacon and Woodrow in Ireland, and PRASA in Switzerland.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).