Language Translation and Pension Funds in the International Setting
Professional translation services play an important role in managing pension funds. Several groups of multinational and multilingual companies are working out structures to pool the assets and liabilities of their different local pension plans within one single cross-border institution.
One of the reasons in favor of a pooled pension institution relates to economies of scale, which can be realized when pooling pension assets and liabilities. Economies of scale offer more and better investment opportunities, reduction of costs and better negotiation positions in such areas as pension fund administration, asset management, statutory reporting, actuarial assistance and other management services.
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