Managing Global Pension Risk – USA and UK in focus
Despite best efforts in recent years to “close” DB plans around the world, many global corporates have seen their defined benefit (DB) pension plan liabilities increase significantly on their balance sheets.
These plans continue to pose significant (and often increasing) financial, regulatory, and other risks to global businesses. Costs to fund, operate and govern these plans remain high. Terminating (or “buying out”) plans remains challenging, resource-intensive and expensive around the world.
Managing DB plans effectively worldwide, in line with key business priorities and local context, remains a significant challenge as global businesses have transformed and shifted priorities through the pandemic. Balancing the right global influence with effective and proactive local management is critical. There is a significant opportunity to gain competitive advantage for organizations who get it right.
Contacts
John-Paul (JP) Augeri
Managing Director and Global EB Consulting Leader, Milliman
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Email:
johnpaul.augeri@milliman.com
Tel: +1 347 541 1146
John-Paul (JP) Augeri
Managing Director and Global EB Consulting Leader, Milliman
A global human capital and risk management leader with wide-ranging technical and management experience.
JP joined Milliman to lead the Global Employee Benefits Consulting Practice, in partnership with MBWL. He has over twenty years’ experience helping multinational clients to design, deliver and manage programs globally across pensions, benefits and M&A. He specialises in solving complex global issues and delivering value and innovation to multinationals and their employees.
His expertise includes: global pensions and benefits; M&A; funding, investment and derisking strategies; change management; total rewards and employee experience; global client management and business development.
He has also served as a board chair and senior advisor, as is a frequent external speaker who has helped lead several client roundtables.
JP is a Fellow of the Institute of Actuaries in the UK, and he has lived and worked in the US, UK, Germany and Austria.
Lewys Curteis
Principal, Barnett Waddingham
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Email:
Lewys.Curteis@Barnett-Waddingham.co.uk
Tel: +44 333 11 11 222
Lewys Curteis
Principal, Barnett Waddingham
Lewys joined Barnett Waddingham in 2012, having graduated from Durham University with a First Class degree in Natural Sciences (Mathematics and Physics). Lewys qualified as an actuary in July 2016, winning the Actuarial Risk Management prize for the performance in his CA1 exam.
Lewys advises companies on a wide range of defined benefit (DB) pension issues, including funding valuations, corporate accounting, transactions and liability management. He has completed projects for a variety of different companies (with schemes ranging from the low millions to the multi-billions), helping to reduce both risk and cost.
Lewys has also spent time in the USA as part of Barnett Waddingham’s joint venture with Milliman, building up a good understanding of US pensions issues.
Lewys became a Principal at Barnett Waddingham in 2022.
Contacts
John-Paul (JP) Augeri
Managing Director and Global EB Consulting Leader, Milliman
VIEW PROFILE
Email:
johnpaul.augeri@milliman.com
Tel: +1 347 541 1146
John-Paul (JP) Augeri
Managing Director and Global EB Consulting Leader, Milliman
A global human capital and risk management leader with wide-ranging technical and management experience.
JP joined Milliman to lead the Global Employee Benefits Consulting Practice, in partnership with MBWL. He has over twenty years’ experience helping multinational clients to design, deliver and manage programs globally across pensions, benefits and M&A. He specialises in solving complex global issues and delivering value and innovation to multinationals and their employees.
His expertise includes: global pensions and benefits; M&A; funding, investment and derisking strategies; change management; total rewards and employee experience; global client management and business development.
He has also served as a board chair and senior advisor, as is a frequent external speaker who has helped lead several client roundtables.
JP is a Fellow of the Institute of Actuaries in the UK, and he has lived and worked in the US, UK, Germany and Austria.
Lewys Curteis
Principal, Barnett Waddingham
VIEW PROFILE
Email:
Lewys.Curteis@Barnett-Waddingham.co.uk
Tel: +44 333 11 11 222
Lewys Curteis
Principal, Barnett Waddingham
Lewys joined Barnett Waddingham in 2012, having graduated from Durham University with a First Class degree in Natural Sciences (Mathematics and Physics). Lewys qualified as an actuary in July 2016, winning the Actuarial Risk Management prize for the performance in his CA1 exam.
Lewys advises companies on a wide range of defined benefit (DB) pension issues, including funding valuations, corporate accounting, transactions and liability management. He has completed projects for a variety of different companies (with schemes ranging from the low millions to the multi-billions), helping to reduce both risk and cost.
Lewys has also spent time in the USA as part of Barnett Waddingham’s joint venture with Milliman, building up a good understanding of US pensions issues.
Lewys became a Principal at Barnett Waddingham in 2022.