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International issues/news

Change to German Pensions, Action Required:

New requirements for German insured pension schemes 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…Read More

Brexit: What next for UK pensions? (Hymans article)

Securing a better future for long-term savings 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?…Read More

Brexit and DB Plans

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 defined benefit plans. Brexit and interest rates For all critical purposes – minimum funding, accounting, PBGC variable-rate premiums and lump sum…Read More

Mandatory changes to French Health Care

Effective January 1, 2016, employers will become directly responsible for obtaining private sector insurance for their employees and paying at least 50% of the premiums. Historically, France’s health care system has been primarily funded by the French government and supplemented with optional private insurance policies. In an attempt to provide greater coverage to all employees,…Read More