decumulation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CAP member outcomes increasing in Q1 2024: report https://www.benefitscanada.com/pensions/cap/cap-member-outcomes-increasing-in-q1-2024-report/ Thu, 16 May 2024 19:00:56 +0000 https://www.benefitscanada.com/?p=155663 Capital accumulation plan members saw a slight uptick in their plan outcome in the first quarter of 2024, as annuity rates rebounded to levels comparable to those from the third quarter of 2023 and gross income replacement ratios remained at multi-year highs, according to a new report by Eckler Ltd. The consultancy’s latest CAP income […]

The post CAP member outcomes increasing in Q1 2024: report appeared first on Benefits Canada.com.

]]> Editorial: What a difference four years makes https://www.benefitscanada.com/archives_/benefits-canada-archive/editorial-what-a-difference-four-years-makes/ Fri, 10 May 2024 13:00:23 +0000 https://www.benefitscanada.com/?p=155103 Four years ago, as the coronavirus pandemic entered its third month, I unknowingly — and unwittingly — took my first steps towards a new chapter in my career. As a writer for a Canadian travel trade publication, I was suddenly without work as the health crisis brought the global travel industry to a screeching halt. […]

The post Editorial: What a difference four years makes appeared first on Benefits Canada.com.

]]> Coverage of the 2024 DC Plan Summit https://www.benefitscanada.com/events/conference-coverage/coverage-of-the-2024-dc-plan-summit/ Fri, 10 May 2024 12:00:53 +0000 https://www.benefitscanada.com/?p=154734 At the 2024 Defined Contribution Plan Summit, which was hosted in Vancouver on Feb. 27-29, attendees learned about the various challenges and solutions for DC plan sponsors across the accumulation and decumulation phases, including how to cater to different generations’ needs and innovative investment and drawdown options, through expert thought leadership and employer case studies […]

The post Coverage of the 2024 DC Plan Summit appeared first on Benefits Canada.com.

]]> A look at the Australian Retirement Trust’s approach to decumulation https://www.benefitscanada.com/events/conference-coverage/a-look-at-the-australian-retirement-trusts-approach-to-decumulation/ Fri, 10 May 2024 11:57:41 +0000 https://www.benefitscanada.com/?p=154776 Inspired by the University of British Columbia’s variable payment lifetime annuity option, the Australian Retirement Trust is taking a similar approach to decumulation, which, in turn, may hold lessons for Canadian defined contribution plan sponsors, said Brnic Van Wyk, the plan’s head of asset and liability management, during a session at Benefits Canada’s 2024 DC […]

The post A look at the Australian Retirement Trust’s approach to decumulation appeared first on Benefits Canada.com.

]]> Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options https://www.benefitscanada.com/events/conference-coverage/association-of-ontario-midwives-benefits-trust-supporting-employees-with-financial-literacy-dc-plan-options/ Fri, 10 May 2024 11:56:25 +0000 https://www.benefitscanada.com/?p=154784 Financial literacy initiatives and a wide range of capital accumulation plan options are key components in supporting the financial health of midwives, said Nicole Mellin, executive director of the Association of Ontario Midwives Benefits Trust (pictured left), during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. The association provides its roughly […]

The post Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options appeared first on Benefits Canada.com.

]]> A look at the SPP’s evolving investment, decumulation options https://www.benefitscanada.com/events/conference-coverage/a-look-at-the-spps-evolving-investment-decumulation-options/ Fri, 10 May 2024 11:53:05 +0000 https://www.benefitscanada.com/?p=154815 From its roots as a retirement plan for Saskatchewan farmers, the Saskatchewan Pension Plan has grown over the past four decades to accommodate Canadians from all provinces and walks of life, said Shannan Corey, the plan’s executive director, during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. “It’s really meant to […]

The post A look at the SPP’s evolving investment, decumulation options appeared first on Benefits Canada.com.

]]> How can DC plan sponsors solve the decumulation problem? https://www.benefitscanada.com/events/conference-coverage/how-can-dc-plan-sponsors-solve-the-decumulation-problem/ Fri, 10 May 2024 11:50:07 +0000 https://www.benefitscanada.com/?p=154837 During a panel discussion at Benefits Canada’s 2024 Defined Contribution Plan Summit in February, three defined contribution plan sponsors shared their respective decumulation journeys and their thoughts on where the DC plan sector is in terms of effectively supporting this particular phase of plan members’ lives. At ATCO Ltd., roughly 5,500 employees are enrolled across […]

The post How can DC plan sponsors solve the decumulation problem? appeared first on Benefits Canada.com.

]]> How DC plan sponsors can take the guesswork out of retirement planning https://www.benefitscanada.com/events/conference-coverage/how-dc-plan-sponsors-can-take-the-guesswork-out-of-retirement-planning/ Fri, 10 May 2024 11:49:46 +0000 https://www.benefitscanada.com/?p=154841 Technology plays an increasingly important role as defined contribution pension plan sponsors seek to deploy decumulation support and retirement advice at scale, said Jean-Michel Lavoie, vice-president of strategy and market development for group retirement services at Sun Life Financial Inc. (pictured right), during a session at Benefits Canada’s 2024 DC Plan Summit in February. The […]

The post How DC plan sponsors can take the guesswork out of retirement planning appeared first on Benefits Canada.com.

]]> Employer matching key to supporting young workers’ retirement readiness: report https://www.benefitscanada.com/pensions/retirement/employer-matching-key-to-supporting-young-workers-retirement-readiness-report/ Thu, 11 Apr 2024 13:00:24 +0000 https://www.benefitscanada.com/?p=154158 Employer-sponsored retirement plans that offer matching contributions can help younger workers retire earlier and with more money, according to a new report by Mercer Canada. The report based its findings on a sample worker aged 30 earning $70,000 and with $30,000 of personal debt, using five per cent of their income to either pay down […]

The post Employer matching key to supporting young workers’ retirement readiness: report appeared first on Benefits Canada.com.

]]> Expert panel: How DC plan members can hedge longevity risk for more effective decumulation https://www.benefitscanada.com/pensions/cap/expert-panel-how-dc-plan-members-can-hedge-longevity-risk-for-more-effective-decumulation/ Tue, 05 Mar 2024 14:00:59 +0000 https://www.benefitscanada.com/?p=152555 Retiring baby boomers are in an era of decumulation anxiety, as they convert their pension assets into income that they fear won’t hold up over the entirety of their retirement. The decumulation problem is complex for defined contribution pension plan sponsors because it involves transferring lump sum pension assets to retirees who may lack investment […]

The post Expert panel: How DC plan members can hedge longevity risk for more effective decumulation appeared first on Benefits Canada.com.

]]>