In a new white paper, the Association of Canadian Pension Management is urging the federal government to reform the Income Tax Act rules for registered pension plans. In the ACPM’s view, ITA reforms are required to build on government initiatives aimed at increasing retirement savings by updating the tax rules released in 1992 so they better reflect today’s socioeconomic environment and Canadians’ […]
In the 1970s and early 1980s, defined benefit plan members clamoured for the portability provided by converting their plans to defined contribution arrangements. But that enthusiasm has waned over the years, with the majority of capital accumulation plan members simply not up for the challenge of managing their own investments. For plan sponsors, concerns also include […]
On Sept. 27, the 2019 Defined Contribution Investment Forum delved into the latest trends in behavioural finance and DC plan member engagement, as well as new perspectives on investment opportunities and risk and performance considerations. Here’s what you missed! Seeking better risk levels by adding alternatives to DC plans A defined contribution plan sponsor’s strategic […]
Defined contribution plan sponsors have a tough job. “Every day that goes by, DC is getting harder and harder to solve for,” said Lorie Latham, senior defined contribution strategist at T. Rowe Price during a session at Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27. Looking to lessons learned in the […]
With cohorts in the workforce behaving differently as they prepare for retirement, it’s important for plan sponsors to consider these differences along gender and generational lines. At Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27, Jean Young, senior research associate at the Vanguard Center for Investor Research, shared a survey that […]
There are two fundamental reasons for including alternatives in a defined contribution pension portfolio, according to Ed Studd, solutions manager for U.S. portfolio solutions at Schroders, during a session at Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27. First, alternatives can help the portfolio achieve better diversification by accessing different types […]
Defined contribution plan sponsors are facing challenges that will shape the nature of their legal obligations to employees. Member communication is a key challenge, said Jon Marin, an associate in pension and benefits at Osler, Hoskin & Harcourt LLP, during Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27. “In the vast […]
More plan sponsors are considering eliminating the waiting period for employees to join their pension plan, at least for employee contributions, according to a new report on capital accumulation plans by Sun Life Financial. “It’s much easier for a new employee to adjust their spending to their first take-home pay than to give up money to […]
The merger of Torstar Corp.’s defined benefit pension plans into the Colleges of Applied Arts and Technology pension plan’s DBPlus has crossed the first hurdle with the Financial Services Regulatory Authority of Ontario. The FRSA has issued notices of an intended decision for the merger. By issuing these notices, it’s indicating an intention to consent to the plan mergers […]
According to Goodyear Canada Inc., pension communications don’t have to be boring — and it’s not afraid to use puns to make its employees pay attention. The company’s strategy, encompassing targeted messaging and creatively designed materials, netted it the award for pension communications at Benefits Canada‘s 2019 Workplace Benefits Awards on Oct. 17. Goodyear Canada […]