Financial education programs can be humdrum at times, bringing to mind the iconic sleepy classroom scene in the movie Ferris Bueller’s Day Off. With that in mind, Fluor Canada is empowering employees to take stock of their finances through fun and engaging programs that appeal to the different generations that make up its workforce. Employees […]
Many employers are welcoming retirees back to their workforces to counter what some are calling the ‘Great Labour Shift.’ As the coronavirus pandemic shifts the labour market in favour of workers, employees across the globe are taking the opportunity to rethink where and how they work. In 2022, more than 50 million U.S. workers quit […]
The Alberta Investment Management Corp.’s chief human resources officer discusses the evolving employee life cycle, autonomous working and competitive weightlifting. Q: What top challenges do you face in your role? A: The talent environment is complex right now. There’s an increase in retirements and workers are more transient than before. To ensure we’re rebuilding for […]
At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought leadership about innovative pension plan design, financial wellness programs, decumulation solutions and investment opportunities to support their DC plan members. Indeed, alongside high inflation and interest rates, members are facing […]
Speaking during the keynote session at Benefits Canada‘s 2023 Defined Contribution Plan Summit, Seth Stephens-Davidowitz, New York Times’ bestselling author and former Google data scientist, told the story of a horse called American Pharoah, who became the first in 37 years to win the Triple Crown. Prior to the big wins, the horse wasn’t anything […]
With group retirement plans aimed at helping members avoid risks and achieve their savings goals, defined contribution plan sponsors are uniquely positioned to step up and take a more active role in managing risk, said Christine van Staden, regional vice-president of group customer and national accounts business development at Canada Life, during Benefits Canada‘s 2023 […]
The traditional aim for the defined contribution pension industry has been helping plan members save for retirement, but as the nature of employment, plan design, investment choice and member engagement evolves, that objective is changing to financial wellness. “The world has changed significantly since the defined contribution business emerged,” said Marc-Antoine Morin, assistant vice-president of […]
While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent are somewhat confident and a fifth say they don’t think they’ll be able to retire at all, according to MFS Investment Management’s 2022 global retirement survey. “Those stats for the […]
While McGill University has factored decumulation into its pension plan for decades, the plan sponsor is continually fine tuning these strategies for members, said John D’Agata, the university’s director of pension and benefits, during a session at Benefits Canada‘s 2023 DC Plan Summit. McGill’s pension plan has more than $1.5 billion in assets and more than 9,500 […]
Factors such as population demographics, productivity and geopolitics impact economic growth and, by extension, the retirement outcomes of defined contribution pension plan members over longer-term time horizons, said Jon Knowles, senior investment analyst at Fidelity Canada Institutional, during a session at Benefits Canada‘s 2023 DC Plan Summit. Ageing populations have traditionally been viewed as a dis-inflationary force due […]