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European countries
are anxious to preserve a long-term balance of statutory retirement
benefits despite an ageing population and the decrease of available
state funds . The demand for supplementary
pension products is therefore increasing considerably.
In this context,
having a supplementary benefits structure in place for the employees
represents a valuable asset for any
company keen to recruit and retain the skilled
individuals necessary to achieve its objectives.
Furthermore,
a company that keeps the cost of its pension plan and its asset
management under constant review offers a better
prospect for investors.
In practical
terms, a company that proposes to define, design and implement a
non-statutory structure has to consider many factors; for example
the design of benefits to suit the different segments of their workforce.
In most cases, this analysis requires the support of actuarial expertise.
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