GLOBAL - Towers Perrin has increased its focus on cross-border pension plans for multinational companies with the appointment of senior consultant Dave Roberts.
The first cross-border schemes have been established for mobile workers, to effectively manage their pensions as they move between European countries. Roberts, who will be based in London, will also focus on using cross-border pensions to establish new schemes in markets such as Eastern Europe.
He said: "UK plc has not yet fully embraced the potential of cross-border pensions. Cross-border pensions allow multinationals a better overview of their pensions commitments, and allow them to calculate the risks as a whole. This opportunity to create a single pensions knowledge centre within a company should not be overlooked".
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