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2021 DC Plan Summit: Fitting liquid alternatives into DC investment portfolios

With DC plan members facing significant hurdles in managing their own investment portfolios, what role can alternatives play in alleviating these challenges? In his session at Benefits Canada‘s 2021 DC Plan Summit, Michael Sager (pictured), vice-president of multi-asset and currency management at CIBC Asset Management Inc., set out to answer this question. Liquid alternatives became […]

  • December 17, 2021 December 14, 2021
  • 08:45

2021 DC Plan Summit: Lessons learned from offering in-plan decumulation options

Low financial literacy and the slow pace of legislative frameworks are among the challenges hindering Canadian DC plans from offering in-plan decumulation options, according to a panel discussion at the event. Speaking during a panel discussion at Benefits Canada‘s 2021 DC Plan Summit, Michael Dodd (pictured, far left), associate vice-president of pensions, treasury and shareholder […]

  • December 17, 2021 December 14, 2021
  • 08:45

2021 DC Plan Summit: The importance of adding longevity pooling to decumulation solutions

While Canada’s financial industry has been successful in helping people accumulate savings during their working lives, the decumulation phase is a lot more complicated. One challenge, in particular, facing capital accumulation plan sponsors and members is an ageing population, said Fraser Stark (pictured, right), president of the longevity retirement platform at Purpose Investments Inc., during […]

  • December 17, 2021 December 14, 2021
  • 08:44

2021 DC Plan Summit: A look at how DC plan members value target-date funds, ESG investments

While target-date funds are highly prevalent in defined contribution pension plans’ investment portfolios, gaining space as the default of choice, areas of improvement exist in terms of educating plan members about the option. During Benefits Canada‘s 2021 DC Plan Summit, Jessica Sclafani (pictured), director and DC strategist in the investment solutions group at MFS Investment Management, […]

  • December 17, 2021 December 14, 2021
  • 08:43

2021 DC Plan Summit: What legal issues are facing DC plan sponsors?

Among all the legal issues facing DC plan sponsors and administrators, questions around contribution errors is top of mind. “The industry has been speaking with [the Department of] Finance Canada on the tax side to see what can be done to help support us in fixing these errors,” said Susan Nickerson (pictured, left), a partner […]

  • December 17, 2021 December 14, 2021
  • 08:42

Editorial: Discussing decumulation, slow pace of change in Canada’s pension industry

If I’ve learned one thing about the Canadian pension industry over the past six years, it’s that change comes at a snail’s pace. When I joined Benefits Canada in 2015, my Canadian pension knowledge was a blank slate, so I spent several weeks speaking to pension experts. The key message that came across was this: […]

  • November 19, 2021 November 19, 2021
  • 09:00

LifeLabs awarded for strengthening mental-health program in face of pandemic

An evolving program that’s holistically supporting employees during the coronavirus pandemic led to LifeLabs’ win for its mental-health program at the 2021 Workplace Benefits Awards on Oct. 14. Within the organization’s wellness program, which was launched in 2019, the emotional pillar includes: a separate annual maximum for mental-health practitioners through its flexible benefits plan; an expanded […]

  • October 29, 2021 November 8, 2021
  • 09:00

3M Canada wins mental-health award for refreshing support during pandemic

Refreshing and re-communicating its mental-health program during the coronavirus pandemic led to 3M Canada’s win at the 2021 Workplace Benefits Awards on Oct. 14. Back in 2013, the manufacturing company began a journey to “empower employees to refresh, re-energize and feel well,” according to its award entry. However, while the wellness program was effective, the […]

  • October 28, 2021 November 3, 2021
  • 09:00

Editorial: Chronic disease, mental health in spotlight as pandemic surges on

With the Delta variant leading the coronavirus pandemic in a renewed surge, employers continue to have a surplus of challenges, regardless of whether or not they’re planning a return to the workplace. I discussed this latter challenge in my Editorial last month, but at the risk of heaping on more doom and gloom, it may […]

  • October 15, 2021 October 14, 2021
  • 09:00

Editorial: Digital inclusion, employee support, flexibility key in return to the workplace

With restrictions gradually lifting across the country this summer, employers started to turn their attention to their return to the workplace plans. Now, the fourth wave is underway and uncertainty continues to hang around us like a heavy, dust-covered curtain. But it’s time to clean up, move forward and set out plans for the big […]

  • September 17, 2021 October 8, 2021
  • 09:00