17 Jan Microsoft transfers pensions to LifeSight
AMSTELVEEN, 17 January 2018 – Microsoft transfers its pension scheme to LifeSight, Willis Towers Watson’s premium pension institution. The global technology company has implemented the new scheme from 1 January 2018 for its approximately 1,000 employees in the Netherlands. It is one of the larger defined contribution (DC) schemes in the Netherlands when it comes to invested capital.
Rawan Shalhoub, HR Director at Microsoft Netherlands: “We wanted to give our people better insight into their pension situation, involve them more personally and enable them to make their own choices. LifeSight is a partner that makes pensions crystal clear, provides our employees with insight into their pension plans, and is a step ahead when it comes to employee engagement.”
“We are very pleased that Microsoft has chosen LifeSight. Our collaboration marks an important new milestone and we see this as a confirmation of our product’s added value. We can confidently support Microsoft in the further optimisation of their pension scheme and employee engagement”, says Edwin van den Oever, managing director at LifeSight Netherlands.
LifeSight’s participant portal is at the heart of our pension communications. By means of webinars, we help employees to quickly find their way around the portal. In addition, we organise walk-in consultation hours when employees can ask questions. We also inform employees about their pension situation through email and an app. This, together with a well-assessed investment strategy by best-in-class asset managers, rounds off our service provision.