Employee Benefits
We aim to meet the full spectrum of requirements ranging from consulting around minimum legislative benefits to understanding the impact of risk transfer from employers to employees (as is most evidenced by the move from primarily defined benefit retirement arrangements to defined contribution arrangements).
The wellbeing of employees is inextricably linked to the success of an organisation. The provision of employee benefits has evolved significantly recently and ranges from minimum legislated benefits to sophisticated benefit structures. There has been a shift from companies providing full-time employment to all employees with clearly defined benefits and rigid structures to far more loosely defined ideas of employment, outsourcing, the gig economy and a new normal.
IAS19 Valuations
Year-end audits can be busy, stressful times for finance professionals the world over, especially when you have to rely on external parties to provide you with crucial information. This is why you need to partner with a firm that ensures you receive world-class valuation services within the short available timelines often associated with the audit process. Our team has collectively performed over 2,000 valuations across 19 countries and brings a wealth of experience to your valuation.
We appreciate the tight timelines involved in year-end audits and ensure that valuation reports are provided as soon as possible. Our target turnaround time for standard valuations is between 1 to 2 weeks from receipt of the data to providing the valuation report.
Benefit Harmonisation
We offer consulting and valuation services on the full spectrum of benefits, from the traditional to the highly progressive. This includes assessing state schemes and minimum benefits, integrating various employee benefit programmes with such schemes, benefits benchmarking and optimisation across different countries/regions.
We also perform assessments and consulting around statutory and additional benefits for multinationals across their various operations to ensure consistency and compliance across all countries.
Some recent projects we have been involved in include consulting to several clients about the relatively recently introduced Portable Retirement Gratuity Fund and Contribution Sociale Generalisee in Mauritius and assisting with optimising employee benefits across the various savings pillars within provided cost parameters.
Other Services
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Trustee training
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Fund and benefit governance trackers
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DB/DC conversion valuations and consulting
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Asset-liability modelling exercises
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Policy drafting, including reserve policies, bonus policies and investment policy statements
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Statutory actuarial valuations
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Mortality and other experience investigations
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DC Fund projections and communication drafting
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Setting performance measures for funds and subcommittees