Canada’s workplace pension system is going through a recalibration due in part to an aging population and demographic shifts, declining coverage and unpredictable financial markets. None of these is the fault of employers, unions or pensioners. One result of the recalibration is the opportunity for pension stakeholders to innovate workplace pension plans. In the broader […]
We have consistently heard the desire of pension plan sponsors to minimize escalating pension costs. The comfort food being digested by some is to convert their plan from a defined benefit(DB)model to the more financially predictable defined contribution(DC)formula. While it is true that a sponsor will lessen its financial risks by converting to a DC […]