By Jack Gray
Source: European Pensions

Demand for international pension schemes and savings vehicles is continuing to rise beyond just expatriate communities, to protect local employee groups from growing political and economic instability, according to WTW.

The consultancy’s International Pension Plan Survey found that the number of International Pension Plans (IPPs) and International Savings Plans (ISPs) being offered in countries in ‘challenging’ economic or political circumstances rose from 54 in 2019 to 126 in 2024.

It attributed the increase to challenging economic situations, including rising inflation across the globe, and a ‘higher-than-normal’ number of sovereign defaults (18 in 10 countries since 2020) that have made local pension and savings provision riskier for local employees in certain countries.

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