Mercer Japan and Mitsubishi UFJ Trust and Banking Corporation recently announced a strategic alliance to deliver global pension consulting services to multinational clients in Japan. The announcement comes at a time when Japanese multinationals, already expanding their operations across many borders, are becoming increasingly aware of significant exposure to overseas pension risks, as well as trying to ensure competitiveness of their benefits packages to attract and retain high-performing talent.
Shintaro Kitano, Principal and Chief Actuary, Mercer Japan’s Retirement, Risk and Finance Division commented, “Traditionally, Japanese companies delegated decisions around overseas pension plans to the local subsidiaries, mainly due to the language barrier. The business environment, however, has become far too global and volatile to allow that to continue. There is a growing demand at Japanese headquarters to search for ways to manage their overseas pension plans more effectively, in order to fulfil their accountabilities.”
Paul Arkwright
Publisher
