The federal government has launched a public comment period for an agreement intended to streamline the oversight of pooled registered pension plans (PRPPs).
The main deterrent for some employers is the increased costs that would result. Another reason is, employers prefer not to force enrollment on employees who…
To successfully transition a member to retirement from a DC plan requires four pillars: people, platform, product and price. Any transition should make people a…
On the road to retirement, members must overcome five major risks: market, timing, inflation, shortfall and longevity. Plan sponsors need to be aware of these…
While most DC plan sponsors view retirement as the end of their relationship with their employees, some plan sponsors are taking an alternate approach by…
There are two impediments to moving forward with decumulation. One is structural: plan sponsors are reluctant to take on additional fiduciary responsibility. In 2014, the…
A global multi-sector fixed income strategy can offer a wide range of opportunities beyond the domestic market, said Terry Moore, portfolio specialist, global multi-sector and…
Setting up a DC plan can be relatively easy; getting your employees to enrol and make smart investing decisions is much harder.
Canada has the fourth largest equity market in the world but accounts for just 4% of world equity markets, as measured by market capitalization within…
The 2015 DC Plan Summit provided a dynamic forum for senior DC decision-makers to prepare for the next phase of DC plan evolution: decumulation. These…
Investing in stocks has historically provided the potential growth investors need when accumulating assets as they prepare for retirement. In times of market volatility, however,…
Canadian plan sponsors aren’t yet ready to offer financial wellness programs and don’t believe there’s a need for them. They also don’t want to be…
Most plan sponsors agree on the importance of providing some form of qualified advice to plan members, which reflects a shift in risk appetite. Sponsors…
Canadians are missing out on billions of dollars of potential retirement savings every year by not taking full advantage of matching contributions by their employers…
When DC plan sponsors use behavioural economics, it can create better outcomes for DC plan members.
The main challenges of retirement savings—plan participation, contribution rates, and portfolio diversification—are being met head-on by sponsors through their plan and investment menu design decisions,…
Earlier this year, Benefits Canada hosted its annual DC Plan Summit. As part of the agenda, Ole Settergren from the Swedish Pension Agency talked about…
While 401(k) plan balances and participation are at record-highs, a survey from Aon Hewitt reveals that few American workers are actively managing their portfolios.
Less than half of workers report they and/or their spouse have ever tried to calculate how much money they will need to have saved so…
Ontario has passed the Pooled Registered Pension Plans (PRPP) Act, 2015.
Today’s retirees are in a good place, but pre-retirees aren’t getting the help they need
To explain decumulation to clients, ask them to picture a house, says consultant Don Ezra.
The United States Supreme Court says 401(k) plans must monitor the investment options being offered, reports Bloomberg.
Americans leave an estimated US$24 billion in unclaimed 401(k) company matches on the table each year, finds a report.
Employees overwhelmingly favour their employers playing a more active role in their DC retirement plans, but plan sponsors voice reluctance to doing so.
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