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.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.