Moderators: Christine van Staden, regional vice-president, group customer; and George Ng, senior account executive, group customer, at Great-West Life Assurance Co. Canada is an increasingly diverse country. Canadians live across six time zones, comprise four workplace generations (traditionalists, baby boomers, generation Xers and millennials) and include more than 200 ethnic origins. The number of speakers […]
Moderators: Erica Hall, assistant vice-president for client relations, group retirement solutions; and Sharon Seifried, national vice-president for corporate accounts, group retirement solutions, at Manulife Financial Corp. While a significant portion of Canadians are in poor financial health, most don’t like to talk about money, particularly those with challenges in the area. As a result, addressing […]
Moderators: Mazen Shakeel, vice-president of market development, group retirement services; and Jean-François Pelletier, regional vice-president for group retirement services, Quebec, at Sun Life Financial The defined contribution pension plan industry is operating in a shifting economic environment. Expectations related to future returns are falling, and plan members are living longer. Focusing exclusively on improving net returns […]
Defined contribution pension plans put a significant onus on individuals to make decisions about their own retirement investments, something that leaves financial outcomes vulnerable to their behaviours. At the 2016 DC Plan Summit in Montreal, Meir Statman, a professor of finance at the Leavey School of Business at Santa Clara University, spoke about how plan […]
How has the retirement landscape changed over time and what can we expect in the future? Not surprisingly, people are living longer and, in many cases, are staying in the workforce longer than in the past. But they’re not taking their pensions at a later age, something that, when combined with other factors, can affect […]
Decumulation is a growing and challenging issue for defined contribution pension plan sponsors. But one plan sponsor, the University of British Columbia faculty pension plan, has been doing it from the get-go. “Right from the inception of the plan, we have provided annuity options to members at retirement, so the members, if they choose, can […]
All the articles from the event can be found in our special section: DC Plan Summit 2016. Looking for photos from other events? Check out our main Photo Gallery page. [nggallery id=41]
While a strong default option is crucial, plan sponsors shouldn’t forget about the importance of effective member engagement when it comes to their pension plans. That was one of the key messages from John Chilman, group reward and pensions director at FirstGroup in Britain, during his presentation at Benefits Canada‘s 2016 DC Plan Summit. He spoke […]
When it comes to pensions, effective member engagement requires tailored efforts, said David Morrell, director of university benefits at the State University of New York. At Benefits Canada‘s 2016 DC Plan Summit, Morrell discussed the university’s optional retirement plan, the largest public defined contribution retirement plan in the United States. “We’re huge, we’re very diverse, we […]
Everyone has heard the statistic that replacing 70 per cent of pre-retirement earnings will lead to retirement income adequacy. But where did that magic number come from? And is it actually a successful benchmark in practice and not just in theory? At the 2016 DC Plan Summit, Bonnie-Jeanne MacDonald, an actuary and academic researcher at […]