record keeper – Benefits Canada.com

What’s next for variable benefits?

mschmit — Thu, 30 Apr 2020 04:32:53 +0000

While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution pension plans, almost all jurisdictions across the country have now passed variable benefits legislation, including Ontario, which began allowing the option on Jan. 1, 2020. However, despite receiving legal […]

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How to ease pension plan member anxiety if they can’t access their funds

mschmit — Wed, 15 Apr 2020 04:34:13 +0000

Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours and significant declines in investment portfolios. But some may also feel unease if they can’t access money from specific funds within their defined contribution pension plan. “Right now, we’re aware […]

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Managing defined contribution pension plan fees (Part 2)

mschmit — Thu, 19 Mar 2020 05:09:18 +0000

In a recent expert column, I broke down the different components of fees for defined contribution plans. And now, I will explore the key fee drivers and strategies to help plan sponsors manage fee levels in DC plans. Managing these costs are imperative, as excessive fees may result in the significant impairment of DC member […]

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Evaluating Your Record Keeper

mschmit — Thu, 04 Aug 2011 11:27:41 +0000

A guide to fees and performance.

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