2023 DC Plan Summit – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Coverage of the 2023 DC Plan Summit https://www.benefitscanada.com/archives_/benefits-canada-archive/coverage-of-the-2023-dc-plan-summit/ Fri, 12 May 2023 12:52:36 +0000 https://www.benefitscanada.com/?p=137304 At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought leadership about innovative pension plan design, financial wellness programs, decumulation solutions and investment opportunities to support their DC plan members. Indeed, alongside high inflation and interest rates, members are facing […]

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]]> 2023 DC Plan Summit: Why big decisions are so hard to make https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-why-big-decisions-are-so-hard-to-make/ Fri, 12 May 2023 12:52:26 +0000 https://www.benefitscanada.com/?p=137495 Speaking during the keynote session at Benefits Canada‘s 2023 Defined Contribution Plan Summit, Seth Stephens-Davidowitz, New York Times’ bestselling author and former Google data scientist, told the story of a horse called American Pharoah, who became the first in 37 years to win the Triple Crown. Prior to the big wins, the horse wasn’t anything […]

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]]> 2023 DC Plan Summit: Helping DC plan members mind the manageable risk gap https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-helping-dc-plan-members-mind-the-manageable-risk-gap/ Fri, 12 May 2023 12:51:44 +0000 https://www.benefitscanada.com/?p=137518 With group retirement plans aimed at helping members avoid risks and achieve their savings goals, defined contribution plan sponsors are uniquely positioned to step up and take a more active role in managing risk, said Christine van Staden, regional vice-president of group customer and national accounts business development at Canada Life, during Benefits Canada‘s 2023 […]

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]]> 2023 DC Plan Summit: DC industry’s objectives shifting from retirement to financial wellness https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-dc-industrys-objectives-shifting-from-retirement-to-financial-wellness/ Fri, 12 May 2023 12:50:43 +0000 https://www.benefitscanada.com/?p=137536 The traditional aim for the defined contribution pension industry has been helping plan members save for retirement, but as the nature of employment, plan design, investment choice and member engagement evolves, that objective is changing to financial wellness. “The world has changed significantly since the defined contribution business emerged,” said Marc-Antoine Morin, assistant vice-president of […]

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]]> 2023 DC Plan Summit: How Australia, the U.S. are tackling decumulation challenges https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-how-australia-the-u-s-are-tackling-decumulation-challenges/ Fri, 12 May 2023 12:50:01 +0000 https://www.benefitscanada.com/?p=137545 While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent are somewhat confident and a fifth say they don’t think they’ll be able to retire at all, according to MFS Investment Management’s 2022 global retirement survey. “Those stats for the […]

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]]> 2023 DC Plan Summit: AI insights on financial wellness https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-ai-insights-on-financial-wellness/ Fri, 12 May 2023 12:49:15 +0000 https://www.benefitscanada.com/?p=137330 Financial stress is impacting Canadians’ mental and physical health, as well as decisions related to their pension plans, said Matt Davison, Western University’s dean of science and principal researcher, during a session at Benefits Canada‘s 2023 DC Plan Summit. In an analysis of the National Payroll Institute’s annual survey, Western’s financial wellness lab found respondents’ financial perspectives […]

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]]> 2023 DC Plan Summit: A look at McGill University’s search for a comprehensive decumulation solution https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-a-look-at-mcgill-universitys-search-for-a-comprehensive-decumulation-solution/ Fri, 12 May 2023 12:48:31 +0000 https://www.benefitscanada.com/?p=137336 While McGill University has factored decumulation into its pension plan for decades, the plan sponsor is continually fine tuning these strategies for members, said John D’Agata, the university’s director of pension and benefits, during a session at Benefits Canada‘s 2023 DC Plan Summit. McGill’s pension plan has more than $1.5 billion in assets and more than 9,500 […]

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]]> 2023 DC Plan Summit: Demystifying what ESG means for DC pension plans https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-demystifying-what-esg-means-for-dc-pension-plans/ Fri, 12 May 2023 12:47:54 +0000 https://www.benefitscanada.com/?p=137343 While there’s a lot of noise and confusion around environmental, social and governance factors, it comes down to delivering value for investors in terms of better risk-adjusted returns, said Aaron White, CIBC Asset Management Inc.’s vice-president of sustainable investments, during a session at Benefits Canada‘s 2023 DC Plan Summit. Part of the confusion around the topic, he […]

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]]> 2023 DC Plan Summit: Exploring secular trends and the impacts on retirement outcomes https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-exploring-secular-trends-and-the-impacts-on-retirement-outcomes/ Fri, 12 May 2023 12:46:53 +0000 https://www.benefitscanada.com/?p=137348 Factors such as population demographics, productivity and geopolitics impact economic growth and, by extension, the retirement outcomes of defined contribution pension plan members over longer-term time horizons, said Jon Knowles, senior investment analyst at Fidelity Canada Institutional, during a session at Benefits Canada‘s 2023 DC Plan Summit. Ageing populations have traditionally been viewed as a dis-inflationary force due […]

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]]> 2023 DC Plan Summit: How PepsiCo Canada is making its savings plan more flexible https://www.benefitscanada.com/events/conference-coverage/2023-dc-plan-summit-how-pepsico-canada-is-making-its-savings-plan-more-flexible/ Fri, 12 May 2023 12:45:12 +0000 https://www.benefitscanada.com/?p=137359 PepsiCo Canada’s enhanced defined contribution pension plan is supporting the retirement goals of a very diverse employee population. The company, which employs roughly 11,000 people across its food and beverage divisions, has a wide range of roles, from drivers and warehouse workers to sales employees. While the organization offers multiple pension plans, the majority of […]

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