While volatility in financial markets continues to pose a challenge to DC plan sponsors and members, the initial panic that followed in the wake of 2008 has somewhat subsided. De-risking DC—while still on the plan sponsor’s radar—is no longer the order of the day.
In Benefits Canada’s 2011 Top 50 DC Plans Report, 46 plans had an increase in assets; this year was not as strong, with only 32 plans with an increase. But despite the drop, the DC space is preparing for an even bigger change as Canada’s retirement landscape moves through a period of reforms. As the population lives longer and the baby boomers begin to retire, Ottawa is reacting to these demographic realities with initiatives for Canadians to work longer and save more for retirement.
The CBC/Radio-Canada Pension plan has led the way with its LDI strategy, but public sector plans have also faced some tough critics and even tougher markets. Debra Alves, the plan’s managing director and CEO, describes the challenges of managing a public sector pension plan in a rough environment. How would you respond to critics of […]
Likewise, the CBC/Radio-Canada Pension Plan, launched a half-century ago, became something of a pioneer when it adopted a liability driven investing (LDI) approach in 2005.