Making financial literacy easier
Plan sponsors are failing their plan members when it comes to making them financially literate.
- April 25, 2012 September 13, 2019
- 12:19
Plan sponsors are failing their plan members when it comes to making them financially literate.
Governance remains a crucial issue in the management of a DC plan. Two speakers at the 2012 DC Plan Summit, held in Mont Tremblant, Que., shared their views on the current trends that plan sponsors should pay attention to and act on, including closer management of investments and transparency around roles and fees.
The retirement dreams of many Canadians are in jeopardy. The uncertain and volatile markets have robbed plan members of confidence in their retirement savings, including their DC plans. It’s time for DC plan sponsors to act.
It’s becoming increasingly clear that social media and technology are offering new ways for DC plan sponsors to connect with their members in a more timely and meaningful manner.
A passion for using Excel files to model financial trends led Toronto-based Malcolm Hamilton to the uncomfortable realization, in the mid-1990s, that DB plans were not going to work.
Anne Harvey, vice-president of HR with Vancouver Coastal Health Authority, discusses union involvement in her organization's disability program.
In 2008, Vancouver Coastal Health Authority (VCH)—comprising 500 worksites, 13 hospitals and 35 long-term care nursing homes in B.C. that provide services to more than one million residents—had a serious staffing problem.
In September, more than 100 senior DC plan decision-makers, recordkeepers, academics and money managers gathered at Benefits Canada’s 2011 DC Investment Forum in Toronto to discuss the future of DC investing and how to help plan sponsors address these challenges and opportunities.
In September, more than 100 senior DC plan decision-makers, recordkeepers, academics and money managers gathered at Benefits Canada’s 2011 DC Investment Forum in Toronto to discuss the future of DC investing and how to help plan sponsors address these challenges and opportunities.
DC plan sponsors also need to find innovative ways to communicate investment information as well as new strategies to help members balance risk and reward.