DC – Benefits Canada.com

Learn more about the DC Investment Innovation Award finalists

mschmit — Mon, 16 Nov 2020 05:08:27 +0000

Pension investments are a key component of ensuring secure benefits for plan members upon their retirement. To celebrate the plan sponsors and pension investors who work hard to ensure strong investment outcomes, the first-ever Pension Leadership Awards will recognize winners across several categories. The Defined Contribution Investment Innovation Award will go to a DC pension […]

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The role of strategic credit in mature DB pension plans

mschmit — Wed, 28 Oct 2020 04:36:53 +0000

The pension industry is at a turning point, with the asset value of defined contribution plans growing, while defined benefit plans are shrinking. “In a decade’s time, you will have a situation where DC will be almost $50 trillion in size, but DB will be $10 trillion in size and there will be big changes […]

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Pension Leadership Award finalists announced

mschmit — Wed, 14 Oct 2020 04:13:17 +0000

The Canadian Investment Review launched the first annual Pension Leadership Awards in 2020 to recognize and award leading plan sponsors across several categories who are on the leading edge of pension investments. Over the past few months, a panel of expert judges has reviewed the nominations. We are pleased to announce the finalists for this […]

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Alain Malaket: An early-mover in the Canadian pension industry

mschmit — Wed, 07 Oct 2020 04:30:56 +0000

While target-date funds are now a staple in the Canadian defined contribution pension industry, it wasn’t always so. Some of the first employers to bring target-date funds to Canada were George Weston Ltd. and Loblaw Companies Limited, says Alain Malaket, who is currently chief executive officer of InBenefits, but previously oversaw those organizations’ pension and […]

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CAP plan sponsors focusing on learnings from first six months of pandemic

mschmit — Mon, 05 Oct 2020 09:53:11 +0000

While many Canadians panicked and stocked up on toilet paper when a global pandemic was declared in March, most capital accumulation plan members stayed calm enough not to make fund changes, according to a webinar hosted by the Association of Canadian Pension Management on Thursday. “[We] found, overall, plan members appear to be staying the […]

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How DC pension investments weathered the pandemic storm

mschmit — Fri, 04 Sep 2020 03:45:20 +0000

Defined contribution plan members are contending with volatile equity markets, ultra-low interest rates and the threat of inflation as the country’s economy begins its tentative recovery. In the first half of 2020, equities took an almost round trip, dropping significantly in the first quarter and recovering to the point that most markets are in neutral […]

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A fundamental problem with target-date funds

mschmit — Wed, 15 Jul 2020 04:45:55 +0000

Target-date funds lead to defined contribution plan members taking more risk and becoming more diversified than they would be if left to their own devices. But despite these benefits, TDFs fail to provide what members really want and need — a reliable income replacement for life managed by somebody else. My colleague Ioulia Tretiakova and […]

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Aon U.S. launching pooled employer retirement plan

mschmit — Wed, 15 Jul 2020 04:39:59 +0000

Global consulting firm Aon is launching a new pooled employer retirement plan on Jan. 1, 2021. U.S. defined contribution plan sponsors will be able to transfer their assets and members to the pooled employer plan — or PEP. Aon will be managing the investment lineup and taking care of the whole ecosystem involved with offering […]

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Now is the time to fix capital accumulation plans

mschmit — Thu, 02 Jul 2020 04:17:22 +0000

The collapse in the equity markets has damaged capital accumulation plan retirement accounts. Governments need to level the playing field between defined benefit plans and CAPs, which include defined contribution plans, registered retirement savings plans and pooled registered pension plans, to assist capital accumulation plan members in rebuilding their retirement accounts. If investments are not […]

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Understanding defined contribution pension plan fees (Part 1)

mschmit — Mon, 16 Mar 2020 04:04:49 +0000

Defined contribution pension plan fees have long been an area of significant risk for pension fiduciaries. Typically, a DC plan sponsor will negotiate fees for the plan and members will pay the bulk of those fees through asset-based fees charged on the investment funds. If the fees for the DC plan are excessive, the resulting […]

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