One of the fundamental questions about the structure of defined contribution pension plans is one that rarely comes up but that has an impact on almost every other aspect of the program: whether to use a trusteed or an insurance platform to structure the plan. Most Canadian defined contribution pension plans use an insurance platform. […]
Amassing adequate retirement savings is a challenge for individuals trying to plan for retirement.
The grasshopper spent the warm months singing away while the ant worked to store up food for winter. When winter arrived, the grasshopper was dying of hunger, and, upon asking the ant for food, was only rebuked for its idleness. This fable is used to teach the importance of saving, but it misses the point. […]