The basic advantages of passive investing are clear: it typically leads to lower fees, it reduces the chance of serious underperformance and investments are normally quite liquid, said Kurt Umbarger at the 2018 Defined Contribution Investment Forum in September. Of course, there are potential disadvantages, he acknowledged during his presentation at the event in Toronto. […]
From a research perspective, very little is actually known about the post-retirement phase for defined contribution plan members, according to one expert. A lot of past logic about this phase has been problematic, said Stephen Utkus, principal and director at the Vanguard Center for Investor Research, at the 2018 Defined Contribution Investment Forum in Toronto in September. The […]
Even though many plan sponsors are moving away from defined benefit plans, many organizations still have a paternalistic culture and want to help guide their employees towards a successful retirement, Nick Nefouse told delegates at the 2018 Defined Contribution Investment Forum in Toronto in September. Plan sponsors are asking for help with this goal, but […]
As the investment landscape gets more complicated, defined contribution pension plan members’ investment options need to keep up, said Chhad Aul at the 2018 Defined Contribution Investment Forum in Toronto in September. Portfolio managers are currently operating in a unique environment, said Aul, portfolio manager at Sun Life Global Investments. This includes the easing off of many central banks’ […]
Ensuring a glide path’s asset allocation is correct is really important since it’s going to be managing the bulk of positions for so many defined contribution plan members, according to Ruthann Pritchard, speaking at the 2018 Defined Contribution Investment Forum in Toronto in September. While the level of equity within the glide path at any given moment […]
Ontario’s pension regulatory landscape has seen a number of recent changes, with many of these affecting defined contribution plan sponsors, according to one expert. Speaking at the 2018 Defined Contribution Investment Forum in Toronto in September, Mark Eagles, senior manager for pension policy at the Financial Services Commission of Ontario, took delegates through the changes. The […]
Take the free money. This is my regular mantra for employees in employer-sponsored retirement plans. But many employees don’t enrol in company-sponsored plans or don’t take the maximum amount of free money available. When human resources professionals ask their employees why, their responses include: “I get a better return with my advisor, so I am contributing with her/him.” “The investment […]
Seven major pension stakeholders are urging the federal government to make longevity risk-pooling arrangements available to Canadians. The group includes the Association of Canadian Pension Management, the Canadian Life and Health Insurance Association, the Canadian Institute of Actuaries, the Canadian Association of Retired Persons, Common Wealth, the National Institute of Aging and the Pension Investment Association […]
The majority (84 per cent) of organizations in Canada’s non-profit sector said inconsistent revenue or funding is the biggest barrier to offering a pension plan, according to a survey by Common Good Retirement Initiative. Three-quarters (73 per cent) of survey respondents said offering a plan would be too expensive, 59 per cent said it would be […]
More than two-thirds (69 per cent) of Canadians would choose a new job with a group savings plan instead of staying at a current job without one, according to a new survey by Nest Wealth Asset Management Inc. The survey also found money is the leading stressor (42 per cent) for Canadian workers, cited ahead of work (23 […]