Plan sponsors for multinational corporations are encouraging the use of investment products that can be used globally.
That’s according to the results of PIMCO’s first Global Defined Contribution Survey for Multinational Corporations, aimed at helping to identify the priorities and challenges associated with managing employee pension obligations in multiple countries.
With the decline of defined benefit plans, employers are instead increasingly offering defined contribution plans (in the U.S., 401(k) plans), to the extent that DC plans make up nearly half of the world’s $36 trillion in total pension assets.
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