International News

Change to German Pensions, Action Required:

September 22, 2016

Out of five different pension funding vehicles in Germany, the insurance-based ways are most popular because they provide the opportunity to offer DC pension plans. Recently, the German Federal Labour Court (BAG) passed a consequential law regarding insurance-based solutions, according to § 2 par. 2 sentence 2 BetrAVG (German Company Pension Law), affecting all direct insurances. All German companies providing insured pension plans are obligated to take action! Read More

Brexit: What next for UK pensions?

August 26, 2016

While the short-term impact of the UK’s decision to leave the EU is apparent, the long-term picture remains unclear. What effect will Brexit have on broader long-term savings and the State pension; and what can we do now to ensure a better future for employers, trustees and individuals? In this Brexit overview, we look at how both Defined Benefit (DB) and Defined Contribution (DC) pension savings have been affected in the UK, as well as the impact to markets. Read More

Brexit: the impact on UK pensions and financial markets

July 20, 2016

Whether you agreed with the decision of the UK electorate or not, it is hard to underestimate how momentous this is. The ramifications are likely to be felt not just in the UK, but in Europe and indeed worldwide. The following article was written by our UK partner firm, Hymans Robertson, and provides insight, from a British perspective, on how the Brexit vote may affect UK Pensions and on the financial markets in general. Read More

Rob Harper elected as new Chair of Abelica Global

July 18, 2016

As the exclusive U.S. partner of Abelica Global, we are pleased to announce that Rob Harper, Partner at our sister firm in the UK, Hymans Robertson, has been elected chair of Abelica Global (AG), a global network of independent and like-minded actuarial firms. Each firm is a leader in its local market and is free to provide advice unconstrained by global policies set by a remote head office. Read More

Brexit and U.S. DB plans

June 30, 2016

The vote by the United Kingdom to exit the European Union (Brexit) on June 24th has created a lot of turmoil in financial markets. In this article we briefly discuss its possible effect on United States defined benefit plans. Read More

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