As it is in Canada, member engagement is a buzzword for the defined contribution pension plan industry in Australia. But engagement doesn’t go far enough, said John Farrington, executive officer for corporate relationships at the Equip superannuation fund in Australia, during his presentation at Benefits Canada’s 2017 Defined Contribution Plan Summit. “I think engagement is […]
Each year, employees at Britain’s Barclays Bank make decisions about their benefits and pension plan during the enrolment period. To learn more about their plan, staff typically have an information booklet and financial tools, such as a pension calculator, at their disposal. But six years ago, Barclays decided to apply a game-based approach to its […]
Retirement is an important milestone. In the pension industry, we understand that active planning is critical to members meeting their goals and being able to enjoy the lifestyle they want in retirement. We also know the reality is most don’t start planning or even thinking about retirement until it’s literally around the corner. Why? When members […]
Canadian retirees report a higher degree of financial satisfaction, are more confident in their financial decisions and have less anxiety about retirement compared to those who have yet to retire, according to new research by the Vanguard Centre for Investor Research. Its study, which focused on the transition from work to retirement in Canada, the […]
CAA South Central Ontario will share the lessons learned during its transition to a defined contribution pension plans at the 2017 Benefits and Pension Summit in Toronto on April 11-12. The organization transitioned to a defined contribution arrangement in 2013. In the following three years, the organization focused on the defined contribution plan it introduced […]
St. Joseph’s Healthcare Hamilton went back to the basics of budgeting and planning when it hosted a recent series of financial education sessions for employees. The idea to run the sessions this fall came from reports on the hospital’s employee assistance program, according to Marlene Hall, director of human resources. “Of the work-life services, the second […]