508 - Global DC Plan Governance and Retirement Planning Around the World

DC plans have become the primary approach to providing retirement benefits around the world. However, many employees are not adequately prepared for retirement in the face of weakening social pension systems, low interest rates, and an overvalued stock markets. Many employees find themselves ill prepared or unable to retire due to inadequate financial resources or psychological unpreparedness for change in lifestyle and family dynamics. Employers have a direct stake in their employee's successful planning for retirement to improve employee engagement and financial and mental wellness as well as to reduce costs and risks of potential labor disputes typically involved in having to retire with older populations. In this session, panelists provide an overview of how companies are effectively managing their DC plans around the world. Speakers then focus on the retirement planning support offered by company pension programs globally and trends in employee education, voluntary long-term savings features, EAP programs and other employer initiatives typically used around the world.

Speakers:

Mitsuyasu Nishiwaki

WTW

Ms. Rachel Gift Amalo

WTW

Vaibhavi V. Patel

Aon

Credits:

CPD Credit: 2.00 EA Core Credit: 0.00 EA Ethics Credit: 0.00 EA Non-Core Credit: 2.00 EA Formal Credit: 2.00