Better together

Poolings

Professional Adviser
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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...

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