Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise

Latest NewsPay & benefitsGlobal HRPensions

Multinationals feel pensions are ‘out of control’

by Mike Berry 27 Oct 2005
by Mike Berry 27 Oct 2005

With the mounting cost of pension schemes and the increasing complexity of government regulations, most multinational employers lack the control they would like over their retirement benefits, according to research.


A study of more than 100 large multinationals by consultant Hewitt Associates found that a surprising number do not have annual objectives (64%) or written global strategies (60%) for retirement plans.


In addition, less than half the companies polled ranked themselves as ‘in control’ of the following items related to retirement:




  • aligning with business strategy


  • managing costs


  • managing risk


  • optimising processes


  • enabling employees


  • executing globally.

“We were struck by the evident lack of control reported by many global companies which participated in this survey”, said Raj Mody, retirement strategy consultant for Hewitt Associates.


“Retirement plans have suffered from some of the worst financial market conditions and more recently have been affected by corporate profitability problems as well as the financial effect of increasing life expectancy,” he said.


Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

Most companies identified managing risk and controlling the costs of their global retirement plans as their top two priorities in the coming years.


Employee concerns took a back seat for 31% of the companies that had established formal annual retirement objectives.

Mike Berry

previous post
MPs call for adult learning to be business and govenrment priority
next post
UK sleepwalking through poor productivity nightmare

You may also like

Government under fire over delay of better-paid paternity...

19 Sep 2025

August lull in recruitment as business gets set...

18 Sep 2025

Social mobility: Privately educated elite still leads UK...

18 Sep 2025

Ministers extend liability for umbrella companies’ unpaid PAYE

18 Sep 2025

‘Flawed system’ blocking apprenticeships from young people

18 Sep 2025

Met Police staff in strike ballot over London...

18 Sep 2025

Personnel Today Awards 2025 shortlist: Workplace culture (smaller...

18 Sep 2025

Trainee GP who displayed Palestine flag sues for...

17 Sep 2025

Graduates face ‘white-collar’ recession in jobs market

17 Sep 2025

Ben & Jerry’s co-founder quits over Unilever’s social...

17 Sep 2025

  • Workplace health benefits need to be simplified SPONSORED | Long-term sickness...Read more
  • Work smart – stay well: Avoid unnecessary pain with centred ergonomics SPONSORED | If you often notice...Read more
  • Elevate your L&D strategy at the World of Learning 2025 SPONSORED | This October...Read more
  • How to employ a global workforce from the UK (webinar) WEBINAR | With an unpredictable...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits Live
Employee Benefits
Forum for Expatriate Management
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Recruitment & retention
    • Wellbeing
    • Occupational Health
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise