UK - Multinational companies can save money by having a centralised approach to pensions, says Watson Wyatt.
The consultant surveyed 42 multinational companies responsible for 1877 international pension plans with combined assets of $480bn (£305bn) and found firms which co-ordinated a pensions policy centrally had lower costs.
The survey revealed that 13% of multinational firms described their plans as centralised, 30% as uncentralised and the remaining 57% somewhere in-between.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.