Multinational Corporations: Paths To Improved Retirement Plan Oversight

By Darlene Claes-Mckinnon, Executive Director, Relationship Management, Alistair Almeida, Segment Lead, Asset Owners

February 2022

Multinationals are striving for greater global oversight of their retirement plans, strengthening governance, reducing costs, and ultimately securing better outcomes for their members and beneficiaries.

Retirement plan oversight has never been more important to multinational corporations than it is today. A powerful combination of regulatory, economic and business factors is prompting corporates to seek enhanced visibility of data relating to performance, risks and compliance, both at an individual plan and at a consolidated level. The market volatility caused by COVID-19 and the need for prudent financial management are now making it even more important for corporates’ headquarters to accurately assess retirement plan risks and obligations.

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This article is provided for general information purposes only and CIBC Mellon and its affiliates make no representations or warranties as to its accuracy or completeness, nor do any of them take any responsibility for third parties to which reference may be made. This article should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.

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CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.

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