Amalgamating employee benefits across borders makes good financial sense for companies with branches in different countries, yet many firms that could benefit are still not aware of the advantages of the system, argues Jim O'Driscoll.
Multinational pooling has been available since the 1960s, though today many multinational companies still fail to recognise the opportunities and advantages it offers. As a result, many do not consider it when reviewing their benefit arrangements. In effect, multinational pooling allows any multinational company with offices to link together insured employee benefits to form a pool. This allows the cost of employee benefits to be reduced via multinational dividends so the arrangement acts essentially as a global profit share. It is therefore surprising that multinational pooling has no...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes