Morneau Shepell maintains a database that covers literally all of the defined benefit (DB) pension plans for which the firm performs a funding valuation. The database contains detailed data on hundreds of DB pension plans covering more than a half million active and retired DB members. The 2015 edition of this database, which was recently completed, yields […]
Before 2014, Harry Rosen Inc. frequently held DC plan education sessions, but these were not mandatory and therefore not well attended by employees.
You might think investors reacted to August's volatility by pulling out equity ETFs - but that wasn't the case. According to National Bank Financial, September ETF flows hit another record, with equities leading the way.
Many commentators assert that people are saving less for retirement as a result of the shift from DB to DC plans.
Climate change is one of the biggest risks faced by Canadian pension plans and plan managers may be forced into taking public stands to fulfil their legal duties, says a new legal study.
Turns out all that market turmoil last month did nothing to slow down the growth of ETFs. According to new data from BlackRock global ETFs took in US$17.2 billion mainly driven by non-U.S. developed markets equity and fixed income.
A pension management task that doesn’t receive much attention is the need to collect and maintain detailed data relating to individual pension plan members. While the data for active members are usually up to date and relatively accurate, this is often not the case for pensioners and deferred vested members (inactive members). Because an employer no longer has regular contact with inactive members, over time personal data, such as spousal status and mailing addresses, tend to become outdated and inaccurate. However, the importance of maintaining clean membership data should not be underestimated.
How can employers offer a better, more efficient DC plan?
Worried about your DC plan members outliving their savings? Take a closer look at your decumulation options.
Last year was a tough one for Corby Spirit and Wine Ltd., a leading distributor of wine and spirits with 1,900 employees across Canada. The company, an affiliate of Pernod Ricard, has a 150+ year history and has had a lot of success. But, faced with a more challenging business environment, Pernod Ricard decided it […]