The range of services offered by GAPS members can differ between countries, but includes consulting and service provision to employers offering benefits to their employees, retirement funds, other retirement institutions, savings plans, financial institutions and insurance companies.
An overview of the different services can be seen below:
Employee Benefits
- advice on defined benefit and defined contribution retirement and savings plans
- life, health, welfare and other group benefits
- flexible benefits
- structuring incentive compensation programmes
- employee communications
- software development or selection
- compliance issues.
International Benefits Consulting
- pan-European and other international benefits plans
- selection of preferred providers and creation of regional or global cost-saving opportunities
- development and policing of global benefit policies and strategies
- management of databases and high level governance of plans on a global scale
- consolidation of plans
- tax, financial and pension planning for international assignees
- identification, management and pooling of risks
- management of offshore plans.
Merger, Acquisition and Divestment Consulting
- actuarial services (eg the determination of liabilities)
- negotiation and completion of asset transfers or buy-outs
- global benefit reviews
- design of benefit plans
- consolidation of benefit programmes
- assistance with compliance
- employee communications.
Insurance and Risk Management
- identification, management and pooling of risks
- management of global databases
- merger and acquisition consulting
- actuarial determination of liabilities
- financial reporting
- corporate planning and strategy
- company or product analysis
- product design and pricing
- investment analysis
- marketing and administrative services
- selection of insurer.
Investment Services
- assistance with legal and fiscal compliance rules
- performance appraisal
- asset allocation strategies
- manager and Trustee selection
- retirement planning seminars.
Compensation and Human Resources
- job evaluation
- salary administration
- employee assistance plans
- human resource audits
- employee handbooks
- policy and procedure manuals
- comparative surveys.
How does it work?
Each member firm operates independently in their area of expertise, such as communications or actuarial services.
GAPS members share their expertise throughout the network to ensure members remain at the forefront of developments in the pension industry worldwide.
For more information about the services offered by GAPS members please contact any of the members listed (under 'Our Members') or contact GAPS network.
