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PwC's approach to your pension strategy centres around a human-led but tech-enabled approach, to reduce compliance burdens, enabling you to focus your time and energy on addressing the strategic issues facing your businesses. We have a suite of new technologies across our network of firms, to help drive efficiencies and allow you to understand data and information in a more natural and visually accessible way.
Our Consolidate tool does just that. At PwC, we know that companies need to include liabilities for all their employee benefit plans in their annual financial statements and often more frequently. For multinationals, this can be a big challenge, as it means data collection, liability calculation and decision-making for different types of plans and different jurisdictions. Our Consolidate tool makes this process seamless, producing accurate figures whether you have one employee benefit plan or hundreds.
Whilst consolidating your global pensions numbers for financial reporting can be a challenge, it also presents an opportunity.
The process of collecting data for year-end reporting also presents companies with an opportunity. The data can be harnessed to provide insights into your global benefit obligations and costs, enabling you to identify where costs might be reduced and risks managed.
Globally, we have 3,350 specialists dedicated to retirement, pension and benefits in 54 countries, assisting over 1,000 companies with financial reporting and other benefit issues.
PwC’s technology-enabled solutions approach to the retirement benefits market continues to resonate with clients. PwC’s network of firms is effective in blending people and technology into a strong advisory tool that helps to streamline client operations, improves transparency, creates an atmosphere for enhanced agility and provides real-time metrics on performance that mitigates risk.