Although harmonisation and equal treatment are almost always the most efficient options for an international company, every country’s retirement benefit provision is strongly influenced by local law, cultural expectations and economic circumstances. Every country is responding to the issues of increasing longevity, de-risking, the transition from DB to DC and higher governance expectations, but in different ways. This means employers must accommodate wide disparities in pension aspiration, provision and regulation.
This course provides a broad understanding of retirement benefits across a range of key jurisdictions. We will also update you on significant international developments effecting pension provision, and insights into client approaches to Brexit.
This course is aimed at in-house lawyers and pensions managers who work in international organisations, as well as HR directors, benefit consultants and corporate development professionals.
Speakers will include François Barker (Eversheds Sutherland UK), Marthe van den Broek (Bergamin Pensioenrechtadvies), Adam Cohen (Eversheds Sutherland US) and other partners of Eversheds Sutherland.
9.00am registration and coffee, 9.30am start
‘European’ approaches to pension provision and regulation
- defining ‘pension provision’: state, employer, personal
- areas of difference and similarity including US, UK, French, German, Dutch and Scandinavian pension systems
- changes to pensionable age
- IORP II: EU led convergence?
- Brexit: the impact?
Identifying your pensions liabilities – what has been promised?
- benefits are guaranteed or underwritten in different ways in different jurisdictions
- hidden liabilities
- quirks in every country and things to watch out for
Internationally mobile staff
- catering for the corporate nomad
- can they remain in home country scheme?
- key issues to watch
Liability management: a US approach
Cross-border transactions and M&A
- type of acquisition and appropriate due diligence
- business sale and TUPE: transfer of pension rights
- jurisdictional differences in the application of TUPE
- warranties, indemnities and red flag issues
Delegates can attend one of the following:
- UK and Ireland
- Germany and France
- the Middle East and China
- the US
- Netherlands and Belgium
Scheme design and changes – scope for harmonisation?
- future benefits
- employer duties and consultation obligations
- obstacles to change
4:30pm close, followed by refreshments