defined contribution plans – Benefits Canada.com

74% of U.S. DC pension plan sponsors to conduct plan fee review in 2024: survey

bmcgovern — Wed, 08 May 2024 19:00:28 +0000

Three-quarters (74 per cent) of U.S. defined contribution pension plan sponsors say they’ll review plan fees throughout 2024, according to a new survey by investment consulting firm Callan. The survey, which polled more than 130 DC plan sponsors, found that half of respondents said they’re likely to move to lower-cost investment vehicles in 2024, up […]

The post 74% of U.S. DC pension plan sponsors to conduct plan fee review in 2024: survey appeared first on Benefits Canada.com.

PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

lbailey — Thu, 18 Jan 2024 14:00:34 +0000

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated defined benefit pension plans, said David Lawson, the PIAC’s new chair. In an emailed statement to Benefits Canada, he said as DB plan sponsors continue to face […]

The post PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024 appeared first on Benefits Canada.com.

My Take: Tackling decumulation today will lead to retirement-ready workers tomorrow

bwolfe — Wed, 04 Jan 2023 14:00:36 +0000

For some Canadians, the term pension may still conjure images of a secure stash of money guaranteed to ensure a comfortable lifestyle in retirement. I should know — until joining Benefits Canada in 2020, I counted myself among this group. Defined benefit pension plans — the epitome of the image described above — still exist, but […]

The post My Take: Tackling decumulation today will lead to retirement-ready workers tomorrow appeared first on Benefits Canada.com.

Nearly 60% of U.S. employers continuing student loan repayment benefits despite Biden’s forgiveness program: survey

lbailey — Wed, 07 Sep 2022 13:00:33 +0000

Despite President Joe Biden’s new student loan forgiveness program, nearly two-thirds (60 per cent) of U.S. employers that currently offer a student loan repayment program won’t be changing their policy, according to a survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 300 U.S. employers, found the majority (74 […]

The post Nearly 60% of U.S. employers continuing student loan repayment benefits despite Biden’s forgiveness program: survey appeared first on Benefits Canada.com.

Copenhagen students win global prize for designing collective DC pension plan

Gideon Scanlon — Thu, 02 Dec 2021 14:00:28 +0000

Four undergraduates from the Copenhagen Business School have claimed the top prize at the 2021 McGill International Portfolio Challenge by designing a collective defined contribution plan aimed at balancing the needs of older and younger plan members. Since 2017, the MPIC has challenged university students around the world to propose solutions to societal issues. This […]

The post Copenhagen students win global prize for designing collective DC pension plan appeared first on Benefits Canada.com.

ACPM calls for CAP automatic enrolment and escalation features in Ontario

mschmit — Mon, 20 Jul 2020 05:22:05 +0000

The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

The post ACPM calls for CAP automatic enrolment and escalation features in Ontario appeared first on Benefits Canada.com.

Does VC have a place in DC pension portfolios?

mschmit — Tue, 15 Oct 2019 05:17:21 +0000

Traditionally, defined contribution pension funds have not made significant use of venture capital, although over the long-term these assets have tended to perform well. A study by the British Business Bank and Oliver Wyman explored whether there is room for venture capital and growth equity within the U.K.’s DC schemes. It found that the average […]

The post Does VC have a place in DC pension portfolios? appeared first on Benefits Canada.com.

T. Rowe Price hires new vice-president of institutional sales

mschmit — Wed, 17 Jul 2019 04:57:39 +0000

The Canadian branch of T. Rowe Price Inc. has appointed Jonathan Flegg as its new vice-president of institutional sales. Based in Toronto, Flegg’s role will involve providing sales support and investment solutions to defined contribution pension consultants, brokers and clients. “We are thrilled to welcome Jonathan to T. Rowe Price,” said Bruce Winch, head of […]

The post T. Rowe Price hires new vice-president of institutional sales appeared first on Benefits Canada.com.

Understanding CAP management fees

mschmit — Mon, 29 Oct 2018 03:30:14 +0000

Why fee reviews are an important step for plan sponsors

The post Understanding CAP management fees appeared first on Benefits Canada.com.