A major international company needed urgent independent advice shortly before the introduction of simplification on 6 April 2006. They wished to bring benefits for executives into line with the main company pension scheme and consider appropriate methods of compensation to address the impact of this harmonisation project and the effect of simpification.
TW was asked to provide advice to help tailor current individual benefit packages and to ensure that the international Board was given a clear explanation of the key components of simplification to help its decision-making process when approving appropriate benefit packages for the future.