2023-03-22-WTW-WTW+2023年国际养老金计划调查_42页_1mb

Summary of WTW International Pension Plan Survey 2023

International Pension Plans (IPPs) or International Savings Plans (ISPs) are used by multinational employers to address retirement and savings needs for employees not covered by local plans or facing challenges abroad. The 2023 survey, which analyzed 1023 plans, shows a continued shift from Defined Benefit (DB) to Defined Contribution (DC) plans, with DC now dominant (94% of plans surveyed). Employer contribution rates have increased slightly, averaging 10-14% for DC plans, while most are non-contributory for employees. Vesting periods vary, with immediate vesting in 12.5% of plans, and typical phased vesting over 3-5 years.

Membership eligibility has broadened, including expatriates (51% of plans), local employees in economically challenged countries (13%), executives (21%), and other employer-defined groups. Plan objectives focus primarily on retirement benefits, though one-third also serve a savings purpose. ESG considerations emerged as a key focus, with 163 plans reviewing fund ranges in the past year, and inflation, geopolitical events (e.g., Ukraine war), and economic instability influencing plan design, including enhanced governance and distribution options like drawdown.

Funding and operations favor DC plans, with average assets under management around $19.3 billion, mostly concentrated in global plans. Fund management relies on external providers, offering access to global equities, bonds, and ESG-focused funds, with 49% of plans providing lifestyle strategies for diverse member needs. Distribution defaults predominantly to lump sum payments, but drawdown options are growing in popularity.

Provider capabilities include developing financial well-being tools (e.g., risk assessment and education) and promoting DEI through gender-neutral plan design, audits, and training. Case studies highlight IPPs as solutions for scenarios like pandemics, inflation, and workforce mobility, enabling global employers to offer standardized, secure, and adaptable retirement savings with fair benefits options.

Overall, the survey underscores a move toward DC structures, increased ESG integration, and adaptations to global challenges, while providers continue to enhance member support and navigate market volatility.