People across Canada are stressed out about money. In fact, 41 per cent of Canadians say money is their No. 1 source of stress, according to Karrina Dusablon, vice-president of market development and strategic solutions at Canada Life, during a session at Benefits Canada‘s 2020 DC Plan Summit in Montreal in February. Overall well-being is […]
From plan members to plan sponsors to providers, everyone in the industry is talking about decumulation. Even governments are getting in on the action. But what will be the effect of the new products? “The options will meet the needs of some employers, but we’re not heading for a revolution just yet,” said Marc-Antoine Morin, […]
When is the best time to tell your employees about how good your pension plan is? “Before someone else tells them about theirs,” said Keith Baker, payroll and benefits manager at the U.K. arm of Starr Companies, during a session at Benefits Canada‘s 2020 DC Plan Summit in Montreal in February. Sharing his organization’s overhaul […]
Wrapping up the 2020 DC Plan Summit with his customary flair, Zaheed Jiwani, principal and leader of the DC consulting group at Eckler Ltd., highlighted the pervasive themes through a selection of songs. With Joe Cocker’s “With a Little Help from My Friends,” he noted how the plan sponsor case studies shared real-life examples of […]
What makes people dishonest? And how can employers understand employees’ decision-making processes to curb dishonest actions? People are good at being creative and rationalizing why it’s OK to cheat in small amounts, said Nina Mazar, behavioural economist and co-founder of BEworks, during the keynote presentation at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in […]
As millennials look to their employers to integrate their career, education and leisure, this creates challenges for the pension industry, said Erica Hall, assistant vice-president of client relations and group retirement solutions at Manulife, speaking at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. “We are very linear — they enrol, accumulate and […]
In a challenging market environment, it’s important to focus on making the most of worst-case scenarios, said Ed Studd, solutions manager for U.S. portfolio solutions at Schroders Investment Management Ltd., speaking at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. While the definition of risk will change over the course of people’s […]
When it comes to retirement, it’s key to focus on the journey, not just getting there, said Jean-Pascal Plamondon, national director of client relationship and investment strategies at Desjardins Insurance. For defined contribution plan sponsors, this means understanding the traditional savings journey is no longer 100 per cent focused on retirement, it’s also focused on […]
While a lot of attention has been paid to “the front end of pension plans,” there hasn’t been enough focus on how that translates into retirement income, said Blair Richards, chief executive officer of the Halifax Port ILA/HEA, during a session at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. “We should […]
In determining which savings options to offer employees, a key component is understanding the workforce and its goals, as well as communicating the offering in a way they can understand, according to a panel on engaging workers in defined contribution pensions at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. Thak Bhola, […]