UNITED KINGDOM Recommendations employees who may be accustomed to receiving “Full” PMI benefits. By continuing to offer this benefit to all employees ABC is again increasing their competitiveness. Vacation and Critical Illness / Personal Accident ABC may wish to carry out a more detailed assessment of these benefits, as they are both important. Multinational Pooling Given ABC UK’s international presence and ABC UK’s headcount, it may be advantageous to form a multinational pool that can include ABC UK’s Life and Disability benefits (if implemented). As the final phase of the Global Benefits Assessment, Globex will study the potential cost and administration benefits this approach could bring to ABC UK on a global scale. Broker Relationships No information was provided about current broker relationships for any benefits currently provided. This could be an indication that ABC UK has worked directly with insurers to develop its current benefits package. While this practice is not uncommon, utilizing a qualified Employee Benefits broker or consultant can offer some critical advantages. First, this approach enables companies to periodically obtain competitive bids for those benefits, which can secure the most competitive rates for those benefits. In addition, an intermediary can keep companies abreast of new developments or changing trends in the marketplace, and help them adjust their benefits scheme to adapt to changing requirements. If ABC UK is not currently utilizing the services of a broker or consultant, this may be a good time to reconsider this approach. ABC UK Ltd Page C - 13