How can plan sponsors build a defensive portfolio to manage volatility? They may want to consider low-volatility equities, said Kristen Colvin, director of consultant relations for the United States at MFS Investment Management. “We know that there are investment realities related to volatility,” Colvin told Benefits Canada’s DC Plan Summit in Montreal in February. “Volatility […]
Since the early days of radio, the music industry has come a long way as listeners can now customize playlists on their personal devices. A similar evolution to personalized options is emerging in the defined contribution space, according to Zaheed Jiwani, senior vice-president for client strategy at Greystone Managed Investments Inc. At Benefits Canada‘s 2016 DC […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Amanda Fickling, director, marketing and communications, group retirement services, Great West Life Topic: The right number: How much is enough? How much is […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Janick Chouinard, vice-president, client relations and participant experience, Desjardins Insurance Topic: New risks and the DC model The shift to defined contribution pension […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Jean-François Pelletier, regional vice-president, Quebec, group retirement services, Sun Life Financial Topic: Retirement readiness in the DC world For many plan sponsors, income […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Sharon Seifried, national vice-president, group retirement solutions corporate accounts, Manulife Topic: Why can’t people see into the future? A closer look at near-sightedness […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Janice Holman, principal, Eckler Topic: Rethinking DC contributions: An individualized approach Employers often differentiate their total rewards based on personal factors such as […]
The main deterrent for some employers is the increased costs that would result. Another reason is, employers prefer not to force enrollment on employees who don’t want to commit a set amount of their salary to a retirement plan.
To successfully transition a member to retirement from a DC plan requires four pillars: people, platform, product and price. Any transition should make people a priority.
On the road to retirement, members must overcome five major risks: market, timing, inflation, shortfall and longevity. Plan sponsors need to be aware of these risks, as well as how they’re connected and how to mitigate them. “You can’t mitigate all of them entirely, and you can’t mitigate them in isolation,” noted Zaheed Jiwani, senior […]