indexing – Benefits Canada.com

76% of U.S. DC pension plan sponsors offering auto-enrolment: survey

bwolfe — Fri, 31 Mar 2023 13:00:38 +0000

Three-quarters (76 per cent) of U.S. defined contribution pension plan sponsors say their plan offers automatic enrolment, according to a new survey by investment consulting firm Callan. The survey, which polled roughly 100 DC plan sponsors, found the vast majority used auto-enrolment for new hires, while far fewer offered this feature for current employees. Half […]

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CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions

bwolfe — Mon, 07 Nov 2022 14:00:53 +0000

The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move towards a going-concern plus regime for defined benefit plans and the introduction of automatic features in defined contribution plans. In its response to the consultation draft, the CIA cited the benefits […]

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Calculation for commuted pension values confusing to some plan members: actuary

bwolfe — Wed, 06 Apr 2022 13:00:52 +0000

Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal day to quit their job and receive the maximum payout, says one actuary. Peter Gorham, an actuary at JDM Actuarial Expert Services Inc., says while he used to point plan […]

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How have Canada’s DB pensions changed over the last decade?

mschmit — Thu, 20 Aug 2020 05:30:54 +0000

Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]

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Nova Scotia’s PSSP reports 98.5% funded status, halts indexing for five years

mschmit — Wed, 01 Jul 2020 03:42:05 +0000

Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the next five years. According to the plan’s 2020 funded health review, its funding policy prohibits indexing when the PSSP’s funded status is below 100 per cent. […]

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When does active management make sense for large pension funds?

mschmit — Thu, 05 Dec 2019 04:34:19 +0000

For many passive investors, the belief in efficient markets is core. But how efficient are markets at different parts of the capitalization spectrum? A new paper by CEM Benchmarking Inc. looks at the historical performance of actively managed portfolios for dedicated U.S. large cap equity portfolios and dedicated U.S. small cap equity portfolios for large […]

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OMERS Looking at Indexing as Part of Plan Review

mschmit — Tue, 05 Jun 2018 07:25:42 +0000

However, CUPE has reservations about suggested changes.

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Why CAPs Should Get Passive

mschmit — Thu, 27 Sep 2012 12:00:06 +0000

A passive approach presents an effective and prudent approach for CAP sponsors. So why isn't a passive approach more common?

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ETFs: A Cheaper Way For Pensions to Go Passive?

mschmit — Thu, 16 Aug 2012 12:26:52 +0000

ETFs as lower cost route than index funds?

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Indexing: Beyond Market Capitalization

mschmit — Wed, 23 May 2012 13:10:31 +0000

New indexing approaches go beyond size and allow for diversification.

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