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International pensions promises

International pensions promises: mobility, legacy risk and new territory

Who should attend

This course is aimed at in-house lawyers and pensions managers who work in international organisations, as well as HR directors, benefit consultants and corporate development professionals.

Synopsis

Although harmonisation and equal treatment are almost always the most efficient options for an international company, every country’s retirement benefit provision is strongly influenced by local law, cultural expectations and economic circumstances.

This course provides a broad understanding of retirement benefits across a range of key jurisdictions. We will also update you on significant international developments effecting pension provision, and insights into client approaches to Brexit.

Every country is responding to the issues of increasing longevity, de-risking, the transition from DB to DC and higher governance expectations, but in different ways. This means employers must accommodate wide disparities in pension aspiration, provision and regulation.

Programme

9.00am registration and coffee, 9.30am start

‘European’ approaches to pension provision and regulation

  • defining ‘pension provision’: state, employer, personal
  • areas of difference and similarity including US, UK, French, German, Dutch and Scandinavian pension systems
  • changes to pensionable age
  • IORP II: EU led convergence?
  • Brexit: the impact?

Identifying your pensions liabilities – what has been promised?

  • benefits are guaranteed or underwritten in different ways in different jurisdictions
  • hidden liabilities
  • quirks in every country and things to watch out for

Internationally mobile staff

  • catering for the corporate nomad
  • can they remain in home country scheme?
  • key issues to watch

Case-study:

Liability management: a US approach
Adam Cohen, Eversheds Sutherland US

Cross-border transactions and M&A

  • type of acquisition and appropriate due diligence
  • business sale and TUPE: transfer of pension rights
  • jurisdictional differences in the application of TUPE
  • warranties, indemnities and red flag issues

Roundtable workshops
Delegates can attend one of the following:

  • UK and Ireland
  • Germany and France
  • the Middle East and China
  • the US
  • Netherlands and Belgium

Scheme design and changes – scope for harmonisation?

  • future benefits
  • employer duties and consultation obligations
  • obstacles to change

4:30pm close, followed by refreshments

Download the full International pensions promises training course programme.

Speakers

François Barker - Head of Pensions, Eversheds Sutherland UK; and Chair
François acts for a number of large pension funds and multi-national companies, including those headquartered in Europe or the US, and is familiar with the kinds of international benefits issues they face. François sits on the DC Committee at Pensions Europe and is a member of the CBI pensions panel in the UK.

Marthe van den Broek - Advisor, Eversheds Sutherland Netherlands
Marthe advises various national and international pension funds and companies in matters including the transfer of a pension fund to an IORP, remedial plans, reinsurance, winding-up and the alignment of various pension schemes.

Adam Cohen- Partner, Eversheds Sutherland US
Adam provides advice on employee benefits and equity compensation for the largest corporate spin-off in business history and has advised on international and billion-dollar mergers, acquisitions and dispositions.

Ian Devlin - Pensions Partner, Eversheds Sutherland Ireland
Ian has advised on several transactions which resulted in the restructuring and de-risking of pension arrangements, including the establishment of cross-border pension schemes, and the complex issues that arise in that context. Ian is a former Chairman of the Association of Pension Lawyers in Ireland.

Charmian Johnson- Partner, Eversheds Sutherland UK
Charmian acts in a range of cross-border issues, including scheme change and de-risking projects, multi-jurisdictional transactions and issues in respect of mobile executives.

Dr Rolf Kowanz - Partner, Rechtsanwalt, Eversheds Sutherland Germany
Rolf focuses on advising and supporting local and international companies on the design of new pension and payment systems, and the restructuring of existing pension schemes. He has recently helped a global cosmetics manufacturer on national and international pension restructuring projects.

Bernd De Marrez - Associate, Eversheds Sutherland Belgium
Bernd advises companies on the pensions implications in restructurings and closures, changes to pension benefits and employment and pension issues arising out of terminations. He previously worked for the Institute of Social Law in Belgium as a Researcher in the co-ordination of pensions legislation.

Vincent Roulet- Pensions Lawyer, Eversheds Sutherland France
Vincent advises companies on employee benefits. He also works with insurance companies and brokers on implementation of both pension and healthcare plans. Vincent is acknowledged as an expert by the media and he writes about pensions issues.

Jennifer Van Dale- Partner, Eversheds Sutherland Hong Kong
Jennifer heads Eversheds’ Hong Kong and Asia Pacific employment practice, representing employers. Her practice touches on all aspects of employment work and data privacy issues that relate to employment. A resident of Hong Kong for nearly 25 years and a graduate of Rutgers University and the University of Hong Kong, Jennifer combines an international background with local cultural and legal knowledge.

Cost: £499

All prices are exclusive of VAT

Group discount:

10% discount for delegate 2 and subsequent delegates.

Online payment discount: 5%

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